BMO Capital Markets Boosts Stride (NYSE:LRN) Price Target to $134.00

Stride (NYSE:LRN - Free Report) had its price target lifted by BMO Capital Markets from $122.00 to $134.00 in a report published on Thursday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other equities research analysts have also recently commented on the stock. Morgan Stanley boosted their price objective 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. Barrington Research lifted their price target on shares of Stride from $130.00 to $140.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. StockNews.com lowered shares of Stride from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Citigroup lifted their price target on shares of Stride from $90.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Finally, Canaccord Genuity Group lifted their price target on shares of Stride from $100.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $116.83.

Stride Stock Up 2.0 %

LRN traded up $2.71 during trading on Thursday, hitting $137.61. The company had a trading volume of 1,190,889 shares, compared to its average volume of 980,783. The company has a market capitalization of $5.99 billion, a PE ratio of 22.97, a PEG ratio of 1.01 and a beta of 0.32. Stride has a one year low of $54.81 and a one year high of $138.43. The firm's 50-day moving average price is $110.56 and its 200 day moving average price is $92.58. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 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 expect that Stride will post 6.67 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of Stride during the 4th quarter worth about $37,000. Mendota Financial Group LLC acquired a new position in shares of Stride during the 3rd quarter worth about $86,000. TD Private Client Wealth LLC increased its stake in shares of Stride by 27.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock worth $167,000 after purchasing an additional 426 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Stride by 45.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,061 shares of the company's stock worth $176,000 after buying an additional 643 shares during the period. Finally, Central Pacific Bank Trust Division boosted its holdings in shares of Stride by 24.2% during the 3rd quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company's stock worth $184,000 after buying an additional 420 shares during the period. 98.24% of the stock is currently 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.