Brokerages Set Stride, Inc. (NYSE:LRN) Target Price at $116.83

Stride, Inc. (NYSE:LRN) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $116.83.

A number of research firms have weighed in on LRN. Morgan Stanley lifted their price objective on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Barrington Research raised their target price on Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Citigroup raised their target price on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Canaccord Genuity Group raised their target price on Stride from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, StockNews.com cut Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd.

Institutional Investors Weigh In On Stride

Several institutional investors have recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Stride during the 4th quarter valued at approximately $37,000. Smartleaf Asset Management LLC grew its stake in shares of Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after purchasing an additional 592 shares in the last quarter. Mendota Financial Group LLC acquired a new position in Stride in the third quarter valued at $86,000. SBI Securities Co. Ltd. acquired a new position in Stride in the fourth quarter valued at $165,000. Finally, TD Private Client Wealth LLC raised its holdings in shares of Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock valued at $167,000 after buying an additional 426 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Stock Performance

NYSE LRN opened at $142.45 on Friday. The stock has a 50-day simple moving average of $113.74 and a two-hundred day simple moving average of $94.99. The firm has a market capitalization of $6.20 billion, a P/E ratio of 23.78, a PEG ratio of 1.04 and a beta of 0.32. Stride has a fifty-two week low of $54.81 and a fifty-two week high of $145.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02.

Stride (NYSE:LRN) 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 return on equity of 22.42% and a net margin of 12.30%. On average, equities analysts forecast that Stride will post 6.67 earnings per share for the current year.

About Stride

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.