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

Stride (NYSE:LRNFree Report) had its target price raised by Canaccord Genuity Group from $100.00 to $130.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the company. Barrington Research increased their price objective on Stride from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Citigroup raised their price target on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. 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. BMO Capital Markets raised their target price on Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.17.

Check Out Our Latest Research Report on LRN

Stride Price Performance

LRN stock opened at $128.15 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. The firm has a market cap of $5.59 billion, a P/E ratio of 23.30, a P/E/G ratio of 0.88 and a beta of 0.32. The firm’s fifty day moving average is $109.33 and its 200 day moving average is $91.54. Stride has a 52 week low of $54.81 and a 52 week high of $132.88.

Stride (NYSE:LRNGet Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping 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%. Research analysts predict that Stride will post 6.64 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. boosted its position in shares of Stride by 0.6% during the second quarter. Sei Investments Co. now owns 40,210 shares of the company’s stock valued at $2,834,000 after purchasing an additional 242 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Stride during the 2nd quarter valued at $230,000. The Manufacturers Life Insurance Company grew its position in shares of Stride by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,851 shares of the company’s stock worth $1,681,000 after buying an additional 822 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Stride in the 2nd quarter worth about $374,000. Finally, Sanctuary Advisors LLC purchased a new position in Stride during the 2nd quarter valued at about $534,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Company Profile

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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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Analyst Recommendations for Stride (NYSE:LRN)

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