Stride (NYSE:LRN) Price Target Raised to $130.00 at Barrington Research

Stride (NYSE:LRN - Get Free Report) had its target price increased by stock analysts at Barrington Research from $100.00 to $130.00 in a report issued on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Barrington Research's price objective indicates a potential upside of 14.14% from the company's previous close.

LRN has been the subject of several other reports. Citigroup lifted their target price on shares of Stride from $90.00 to $94.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Morgan Stanley upped their target price on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. BMO Capital Markets increased their target price on Stride from $84.00 to $88.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. StockNews.com lowered Stride from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group increased 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Stride currently has an average rating of "Moderate Buy" and a consensus target price of $102.50.

Stride Price Performance

LRN stock traded up $0.95 during mid-day trading on Friday, reaching $113.90. 866,405 shares of the company traded hands, compared to its average volume of 529,827. The company has a fifty day moving average price of $106.47 and a 200-day moving average price of $88.52. Stride has a 52-week low of $54.81 and a 52-week high of $115.42. The company has a market capitalization of $4.96 billion, a P/E ratio of 20.71, a P/E/G ratio of 0.84 and a beta of 0.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.72. Stride had a net margin of 11.38% and a return on equity of 21.23%. The firm had revenue of $551.08 million during the quarter, compared to analyst estimates of $504.29 million. During the same period in the previous year, the business earned $0.11 EPS. The business's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, analysts anticipate that Stride will post 6.64 earnings per share for the current year.

Insider Activity

In related news, Director Todd Goldthwaite sold 8,028 shares of the company's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $91.54, for a total transaction of $734,883.12. Following the completion of the sale, the director now directly owns 85,058 shares in the company, valued at $7,786,209.32. This represents a 8.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.00% of the company's stock.

Institutional Trading of Stride

Several large investors have recently added to or reduced their stakes in LRN. Janus Henderson Group PLC increased its position in shares of Stride by 1.1% during the third quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company's stock valued at $99,851,000 after buying an additional 13,050 shares during the period. Geode Capital Management LLC grew its stake in Stride by 3.8% in the third quarter. Geode Capital Management LLC now owns 964,701 shares of the company's stock worth $82,315,000 after purchasing an additional 35,349 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in Stride by 51.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company's stock worth $79,326,000 after purchasing an additional 314,435 shares during the period. Victory Capital Management Inc. raised its holdings in Stride by 72.4% in the third quarter. Victory Capital Management Inc. now owns 827,505 shares of the company's stock worth $70,594,000 after purchasing an additional 347,564 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in Stride by 0.7% during the third quarter. Rockefeller Capital Management L.P. now owns 753,728 shares of the company's stock valued at $64,286,000 after buying an additional 5,278 shares during the period. Institutional investors own 98.24% of the company's stock.

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.