Stride (NYSE:LRN) Price Target Raised to $145.00 at Canaccord Genuity Group

Stride (NYSE:LRN) had its price target lifted by Canaccord Genuity Group from $135.00 to $145.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also weighed in on the stock. Barrington Research increased their price objective on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. BMO Capital Markets increased their price objective on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Morgan Stanley increased their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $119.33.

Stride Price Performance

Shares of LRN stock opened at $119.34 on Tuesday. Stride has a 1 year low of $56.17 and a 1 year high of $145.00. The firm’s 50 day moving average is $126.17 and its 200-day moving average is $103.68. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 1.04 and a beta of 0.46. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. Sell-side analysts forecast that Stride will post 6.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LRN. R Squared Ltd bought a new position in Stride in the fourth quarter valued at $37,000. Point72 Hong Kong Ltd bought a new position in Stride in the fourth quarter valued at $41,000. CIBC Private Wealth Group LLC grew its position in Stride by 85.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock valued at $42,000 after purchasing an additional 178 shares in the last quarter. Covestor Ltd grew its position in Stride by 51.6% in the fourth quarter. Covestor Ltd now owns 632 shares of the company’s stock valued at $66,000 after purchasing an additional 215 shares in the last quarter. Finally, Gen Wealth Partners Inc bought a new position in Stride in the fourth quarter valued at $75,000. Institutional investors own 98.24% of the company’s stock.

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.