Stride (NYSE:LRN) PT Raised to $94.00 at Citigroup

Stride (NYSE:LRN - Get Free Report) had its target price raised by Citigroup from $90.00 to $94.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price objective indicates a potential upside of 3.22% from the stock's current price.

Several other analysts have also recently weighed in on the company. Canaccord Genuity Group started coverage on Stride in a research report on Thursday, August 8th. They set a "buy" rating and a $94.00 price objective on the stock. Canaccord Genuity Group lifted their price objective on Stride from $94.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. StockNews.com cut Stride from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their price objective on Stride from $84.00 to $88.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Barrington Research lifted their price objective on Stride from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Stride currently has a consensus rating of "Moderate Buy" and an average price target of $90.17.

Stride Trading Up 0.1 %

Shares of NYSE LRN traded up $0.06 during trading hours on Tuesday, hitting $91.07. The company's stock had a trading volume of 1,040,662 shares, compared to its average volume of 839,900. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.95 and a current ratio of 5.10. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 0.64 and a beta of 0.26. Stride has a 12 month low of $54.12 and a 12 month high of $92.75. The business has a 50-day simple moving average of $79.83 and a 200-day simple moving average of $73.40.

Stride (NYSE:LRN - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.72. The company had revenue of $551.08 million for the quarter, compared to analysts' expectations of $504.29 million. Stride had a return on equity of 21.76% and a net margin of 11.38%. Stride's quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share. On average, analysts anticipate that Stride will post 5.04 earnings per share for the current fiscal year.

Insider Activity at Stride

In related news, Director Todd Goldthwaite sold 8,028 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.54, for a total transaction of $734,883.12. Following the completion of the transaction, the director now owns 85,058 shares of the company's stock, valued at $7,786,209.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LRN. Motco bought a new position in Stride during the 1st quarter valued at approximately $74,000. EntryPoint Capital LLC purchased a new stake in Stride during the 1st quarter valued at $77,000. nVerses Capital LLC purchased a new stake in Stride during the 2nd quarter valued at $78,000. Mendota Financial Group LLC purchased a new stake in Stride during the 3rd quarter valued at $86,000. Finally, Advisors Asset Management Inc. boosted its stake in Stride by 38.0% during the 1st quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company's stock valued at $173,000 after purchasing an additional 754 shares during the last quarter. Institutional investors own 98.24% of the company's stock.

About Stride

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.