Stride (NYSE:LRN) Given Outperform Rating at Barrington Research

Stride (NYSE:LRN)‘s stock had its “outperform” rating reissued by equities research analysts at Barrington Research in a research report issued on Wednesday, Benzinga reports. They presently have a $75.00 price target on the stock. Barrington Research’s target price suggests a potential upside of 29.87% from the stock’s current price.

Several other research analysts also recently commented on LRN. BMO Capital Markets lifted their target price on Stride from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. StockNews.com upgraded Stride from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. Morgan Stanley boosted their price target on Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Citigroup increased their target price on shares of Stride from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, Wedbush reiterated an “outperform” rating on shares of Stride in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.75.

Stride Stock Performance

Shares of NYSE LRN traded down $0.23 during midday trading on Wednesday, hitting $57.75. 327,084 shares of the company’s stock were exchanged, compared to its average volume of 740,574. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.43. Stride has a 12 month low of $35.61 and a 12 month high of $69.70. The company’s 50 day moving average price is $60.58 and its 200 day moving average price is $57.82. The firm has a market capitalization of $2.50 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 0.68 and a beta of 0.26.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, January 23rd. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.31 by $0.23. Stride had a return on equity of 17.77% and a net margin of 8.80%. The company had revenue of $504.87 million during the quarter, compared to the consensus estimate of $498.05 million. During the same period in the previous year, the company posted $1.19 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, analysts predict that Stride will post 4.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new position in shares of Stride in the first quarter valued at approximately $249,000. GAMMA Investing LLC increased its position in shares of Stride by 25.9% during the first quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock valued at $87,000 after acquiring an additional 282 shares during the last quarter. Cim LLC purchased a new stake in shares of Stride during the fourth quarter valued at approximately $213,000. Price T Rowe Associates Inc. MD increased its position in shares of Stride by 1.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 68,533 shares of the company’s stock valued at $4,070,000 after acquiring an additional 909 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Stride during the fourth quarter valued at approximately $315,000. Institutional investors own 98.24% of the company’s stock.

About Stride

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.