Stride (NYSE:LRN) Stock Rating Reaffirmed by Barrington Research

Stride (NYSE:LRN)‘s stock had its “outperform” rating reaffirmed by equities researchers at Barrington Research in a research note issued to investors on Friday, Benzinga reports. They currently have a $90.00 target price on the stock. Barrington Research’s price target would suggest a potential upside of 5.67% from the company’s previous close.

LRN has been the subject of a number of other reports. Canaccord Genuity Group started coverage on Stride in a research report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price objective for the company. StockNews.com raised shares of Stride from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Canaccord Genuity Group initiated coverage on shares of Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 price objective for the company. BMO Capital Markets upped their price target on shares of Stride from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Finally, Citigroup lowered shares of Stride from a “buy” rating to a “neutral” rating and raised their price target for the company from $77.00 to $90.00 in a research note on Tuesday, August 20th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.83.

Stride Stock Performance

LRN stock traded up $0.86 during midday trading on Friday, hitting $85.17. 227,401 shares of the stock traded hands, compared to its average volume of 703,247. Stride has a 1-year low of $43.77 and a 1-year high of $85.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.10 and a quick ratio of 4.95. The stock’s fifty day simple moving average is $77.88 and its 200-day simple moving average is $70.08. The firm has a market cap of $3.68 billion, a P/E ratio of 19.99, a PEG ratio of 0.77 and a beta of 0.26.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, August 6th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.15. Stride had a return on equity of 19.12% and a net margin of 10.01%. The firm had revenue of $534.18 million for the quarter, compared to analysts’ expectations of $525.89 million. During the same period last year, the firm earned $1.01 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts expect that Stride will post 5.05 earnings per share for the current year.

Hedge Funds Weigh In On Stride

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC raised its holdings in Stride by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock valued at $66,000 after acquiring an additional 483 shares during the last quarter. Motco acquired a new stake in shares of Stride in the first quarter valued at approximately $74,000. EntryPoint Capital LLC purchased a new position in Stride during the first quarter worth approximately $77,000. nVerses Capital LLC purchased a new position in Stride during the second quarter worth approximately $78,000. Finally, GAMMA Investing LLC boosted its stake in Stride by 25.9% during the first quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock worth $87,000 after buying an additional 282 shares during the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

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.