Stride (NYSE:LRN) Price Target Raised to $139.00

Stride (NYSE:LRN) had its target price boosted by BMO Capital Markets from $134.00 to $139.00 in a report released on Tuesday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other analysts have also issued reports on the company. Barrington Research reissued an “outperform” rating and set a $140.00 target price on shares of Stride in a report on Friday, March 14th. Canaccord Genuity Group increased their price objective on shares of Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley boosted their target price on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.17.

Stride Trading Up 2.1 %

LRN stock opened at $129.13 on Tuesday. Stride has a 52 week low of $56.17 and a 52 week high of $145.00. The company has a market capitalization of $5.62 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The company’s 50-day simple moving average is $130.65 and its 200 day simple moving average is $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.

Stride (NYSE:LRN) last released its quarterly earnings results 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 net margin of 12.30% and a return on equity of 22.42%. As a group, sell-side analysts anticipate that Stride will post 6.67 earnings per share for the current year.

Institutional Trading of Stride

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Stride by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company’s stock worth $485,706,000 after purchasing an additional 69,888 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Stride by 18.0% in the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock valued at $256,397,000 after buying an additional 375,686 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Stride by 27.6% during the 4th quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company’s stock worth $155,251,000 after acquiring an additional 323,275 shares during the last quarter. Geode Capital Management LLC increased its position in Stride by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 970,395 shares of the company’s stock valued at $100,877,000 after acquiring an additional 5,694 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Stride by 293.1% during the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock valued at $90,024,000 after acquiring an additional 645,835 shares during the last quarter. Institutional investors and hedge funds 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.