Stride (NYSE:LRN) Price Target Raised to $139.00 at BMO Capital Markets

Stride (NYSE:LRN) had its price objective lifted by BMO Capital Markets from $134.00 to $139.00 in a research note released on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also commented on LRN. Barrington Research restated an “outperform” rating and set a $140.00 price objective on shares of Stride in a report on Friday, March 14th. Morgan Stanley lifted their price target on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Canaccord Genuity Group upped their price objective on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.17.

Stride Stock Up 2.1 %

NYSE LRN opened at $129.13 on Tuesday. The stock has a fifty day moving average of $130.65 and a 200-day moving average of $108.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The stock has a market capitalization of $5.62 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. Stride has a 52 week low of $56.17 and a 52 week high of $145.00.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. On average, equities research analysts forecast that Stride will post 6.67 EPS for the current year.

Institutional Investors Weigh In On Stride

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. bought a new position in shares of Stride in the 4th quarter valued at about $5,696,000. Congress Asset Management Co. increased its position in shares of Stride by 8.2% during the 4th quarter. Congress Asset Management Co. now owns 578,540 shares of the company’s stock worth $60,128,000 after purchasing an additional 43,829 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Stride in the 4th quarter valued at approximately $995,000. Truist Financial Corp bought a new position in shares of Stride in the fourth quarter valued at $302,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Stride by 61.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company’s stock worth $20,250,000 after buying an additional 72,518 shares during the last quarter. 98.24% of the stock is owned by institutional investors.

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.