Barrington Research Reaffirms "Outperform" Rating for Stride (NYSE:LRN)

Stride (NYSE:LRN - Get Free Report)'s stock had its "outperform" rating reissued by investment analysts at Barrington Research in a research note issued to investors on Friday,Benzinga reports. They presently have a $140.00 price objective on the stock. Barrington Research's price objective suggests a potential upside of 15.77% from the company's previous close.

Several other brokerages have also recently issued reports on LRN. BMO Capital Markets upped their price target on shares of Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Canaccord Genuity Group upped their price target on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley upped their price target on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $119.33.

Stride Price Performance

LRN stock traded up $2.54 during trading on Friday, reaching $120.93. 628,712 shares of the company were exchanged, compared to its average volume of 801,571. The company has a 50-day moving average of $127.31 and a two-hundred day moving average of $104.58. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.04 and a beta of 0.46. Stride has a twelve month low of $56.17 and a twelve month high of $145.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

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Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, equities analysts predict that Stride will post 6.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LRN. R Squared Ltd bought a new position in Stride during the fourth quarter worth $37,000. Point72 Hong Kong Ltd bought a new position in Stride during the fourth quarter worth $41,000. CIBC Private Wealth Group LLC boosted its stake in Stride by 85.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after acquiring an additional 178 shares in the last quarter. Covestor Ltd boosted its stake in Stride by 51.6% during the fourth quarter. Covestor Ltd now owns 632 shares of the company's stock worth $66,000 after acquiring an additional 215 shares in the last quarter. Finally, Gen Wealth Partners Inc bought a new position in Stride during the fourth quarter worth $75,000. 98.24% of the stock is owned by institutional investors.

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.