Stride (NYSE:LRN) Given New $88.00 Price Target at BMO Capital Markets

Stride (NYSE:LRN) had its price target increased by BMO Capital Markets from $84.00 to $88.00 in a research report sent to investors on Thursday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

LRN has been the topic of several other research reports. Canaccord Genuity Group raised their price objective on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group began coverage on shares of Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price objective for the company. Citigroup downgraded shares of Stride from a “buy” rating to a “neutral” rating and increased their target price for the stock from $77.00 to $90.00 in a research report on Tuesday, August 20th. Finally, Barrington Research boosted their price target on Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Stride has a consensus rating of “Moderate Buy” and an average price target of $89.50.

Stride Trading Down 1.2 %

NYSE LRN opened at $91.25 on Thursday. The company has a current ratio of 5.10, a quick ratio of 4.95 and a debt-to-equity ratio of 0.38. Stride has a 1-year low of $51.75 and a 1-year high of $92.75. The firm’s fifty day simple moving average is $79.68 and its 200-day simple moving average is $73.18. The company has a market capitalization of $3.95 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 0.64 and a beta of 0.26.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.72. Stride had a return on equity of 21.76% and a net margin of 11.38%. The company had revenue of $551.08 million for the quarter, compared to analyst estimates of $504.29 million. During the same period in the prior year, the firm posted $0.11 EPS. The business’s revenue was up 14.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stride will post 5.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LRN. William Blair Investment Management LLC lifted its position in shares of Stride by 20.1% during the 2nd quarter. William Blair Investment Management LLC now owns 2,122,102 shares of the company’s stock worth $149,608,000 after purchasing an additional 355,614 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Stride by 2.7% in the first quarter. Janus Henderson Group PLC now owns 1,154,995 shares of the company’s stock valued at $72,821,000 after acquiring an additional 30,854 shares during the period. Swedbank AB acquired a new stake in shares of Stride in the first quarter worth $60,385,000. Vaughan Nelson Investment Management L.P. bought a new position in Stride during the second quarter worth $43,387,000. Finally, Price T Rowe Associates Inc. MD increased its position in Stride by 641.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 508,444 shares of the company’s stock worth $32,058,000 after acquiring an additional 439,911 shares during the period. 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.