Stride (NYSE:LRN) Earns Outperform Rating from Barrington Research

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

Several other analysts have also recently issued reports on the stock. 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 report on Tuesday. 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 report on Thursday, January 30th. 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 report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $119.33.

Stride Stock Up 2.1 %

Shares of NYSE LRN traded up $2.54 during trading on Friday, reaching $120.93. 628,712 shares of the stock were exchanged, compared to its average volume of 801,571. The business's 50-day moving average price is $127.31 and its 200 day moving average price is $104.58. Stride has a twelve month low of $56.17 and a twelve month high of $145.00. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46.

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Stride (NYSE:LRN - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping analysts' consensus estimates 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 forecast that Stride will post 6.67 EPS for the current fiscal year.

Institutional Trading of Stride

A number of institutional investors and hedge funds have recently modified their holdings of LRN. Principal Financial Group Inc. raised its holdings in shares of Stride by 293.1% during the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock worth $90,024,000 after purchasing an additional 645,835 shares during the period. Norges Bank bought a new position in shares of Stride during the fourth quarter worth about $45,306,000. Arrowstreet Capital Limited Partnership grew its position in shares of Stride by 783.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company's stock worth $47,095,000 after acquiring an additional 401,838 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Stride by 18.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock worth $256,397,000 after acquiring an additional 375,686 shares during the last quarter. Finally, Cat Rock Capital Management LP bought a new position in shares of Stride during the fourth quarter worth about $36,694,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Company Profile

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.