BMO Capital Markets Increases Stride (NYSE:LRN) Price Target to $139.00

Stride (NYSE:LRN - Get Free Report) had its price objective boosted by BMO Capital Markets from $134.00 to $139.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets' price objective points to a potential upside of 10.69% from the company's current price.

Several other analysts have also commented on LRN. Morgan Stanley raised their price objective on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Canaccord Genuity Group lifted their price target on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Finally, Barrington Research restated an "outperform" rating and set a $140.00 price objective on shares of Stride in a research report on Friday, March 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stride has an average rating of "Moderate Buy" and an average price target of $120.17.

Stride Stock Performance

Stride stock traded down $4.95 during mid-day trading on Tuesday, hitting $125.57. The company had a trading volume of 1,105,886 shares, compared to its average volume of 829,379. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.04 and a beta of 0.46. The company's fifty day moving average is $131.27 and its 200-day moving average is $109.09. Stride has a 12-month low of $56.17 and a 12-month high of $145.00.

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Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating 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%. Equities research analysts predict that Stride will post 6.67 EPS for the current year.

Institutional Investors Weigh In On Stride

Large investors have recently modified their holdings of the business. R Squared Ltd acquired a new stake in Stride in the 4th quarter valued at about $37,000. Point72 Hong Kong Ltd purchased a new stake in Stride in the 4th quarter valued at $41,000. CIBC Private Wealth Group LLC increased its stake in shares of Stride by 85.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after acquiring an additional 178 shares during the last quarter. Covestor Ltd raised its holdings in shares of Stride by 51.6% during the 4th quarter. Covestor Ltd now owns 632 shares of the company's stock worth $66,000 after acquiring an additional 215 shares during the period. Finally, Gen Wealth Partners Inc acquired a new position in shares of Stride during the 4th quarter valued at about $75,000. Hedge funds and other 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.