Barrington Research Reaffirms “Outperform” Rating for Stride (NYSE:LRN)

Barrington Research reaffirmed their outperform rating on shares of Stride (NYSE:LRN) in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a $75.00 price objective on the stock.

LRN has been the subject of several other research reports. StockNews.com upgraded shares of Stride from a hold rating to a buy rating in a research report on Tuesday, April 2nd. Wedbush reiterated an outperform rating on shares of Stride in a research report on Wednesday, January 24th. Morgan Stanley lifted their price target on shares of Stride from $60.00 to $65.00 and gave the stock an equal weight rating in a research report on Wednesday, January 24th. BMO Capital Markets upped their price objective on shares of Stride from $71.00 to $72.00 and gave the company an outperform rating in a research report on Thursday, January 25th. Finally, Citigroup raised their price target on Stride from $70.00 to $75.00 and gave the stock a buy rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $71.75.

Stride Stock Performance

Shares of NYSE:LRN opened at $56.51 on Wednesday. The business has a fifty day moving average of $60.38 and a 200-day moving average of $57.89. The firm has a market cap of $2.45 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 0.66 and a beta of 0.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.44 and a current ratio of 4.52. Stride has a twelve month low of $35.61 and a twelve month high of $69.70.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.23. Stride had a net margin of 8.80% and a return on equity of 17.77%. The business had revenue of $504.87 million during the quarter, compared to analyst estimates of $498.05 million. During the same quarter last year, the business posted $1.19 earnings per share. Stride’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts predict that Stride will post 4.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Stride

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Stride by 11.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,000,230 shares of the company’s stock valued at $210,160,000 after purchasing an additional 506,211 shares during the last quarter. SG Capital Management LLC grew its stake in shares of Stride by 348.7% in the third quarter. SG Capital Management LLC now owns 563,218 shares of the company’s stock valued at $25,362,000 after acquiring an additional 437,685 shares in the last quarter. Norges Bank acquired a new stake in Stride in the 4th quarter worth about $25,594,000. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Stride in the first quarter valued at approximately $10,819,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Stride by 2,792.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 269,894 shares of the company’s stock valued at $10,048,000 after acquiring an additional 260,564 shares during the period. Institutional investors own 98.24% of the company’s stock.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.