Stride (NYSE:LRN) Given New $134.00 Price Target at BMO Capital Markets

Stride (NYSE:LRNGet Free Report) had its target price boosted by analysts at BMO Capital Markets from $122.00 to $134.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 1.07% from the company’s current price.

A number of other research firms also recently commented on LRN. Barrington Research boosted their target price on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group lifted their target price on Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley upped their target price on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Citigroup boosted their price objective on Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Three equities research 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, Stride presently has an average rating of “Moderate Buy” and an average target price of $116.83.

Check Out Our Latest Stock Analysis on LRN

Stride Stock Performance

Shares of NYSE:LRN traded up $4.71 on Thursday, hitting $132.58. The company’s stock had a trading volume of 545,933 shares, compared to its average volume of 922,706. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 0.88 and a beta of 0.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. Stride has a 12 month low of $54.81 and a 12 month high of $137.25. The stock’s 50-day moving average is $109.33 and its two-hundred day moving average is $91.54.

Stride (NYSE:LRNGet Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 21.23% and a net margin of 11.38%. On average, equities research analysts forecast that Stride will post 6.64 EPS for the current year.

Institutional Investors Weigh In On Stride

Several large investors have recently modified their holdings of the stock. R Squared Ltd acquired a new position in Stride in the fourth quarter valued at about $37,000. Mendota Financial Group LLC bought a new position in shares of Stride in the third quarter valued at approximately $86,000. KBC Group NV boosted its holdings in shares of Stride by 68.5% in the 4th quarter. KBC Group NV now owns 1,891 shares of the company’s stock worth $197,000 after acquiring an additional 769 shares in the last quarter. TD Private Client Wealth LLC grew its position in 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 acquiring an additional 426 shares during the last quarter. Finally, Sheets Smith Wealth Management acquired a new stake in Stride during the 4th quarter valued at $205,000. 98.24% of the stock is currently owned by institutional investors.

Stride Company Profile

(Get Free Report)

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.

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