Stride (NYSE:LRN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Stride (NYSE:LRN) had its price objective increased by equities research analysts at BMO Capital Markets from $122.00 to $134.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 1.07% from the company’s current price.

LRN has been the topic of several other reports. Barrington Research raised their price target on Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Citigroup upped their price target on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Canaccord Genuity Group lifted their price objective on shares of Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Morgan Stanley increased their target price on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.83.

Stride Trading Up 3.7 %

LRN stock traded up $4.71 during midday trading on Thursday, reaching $132.58. The stock had a trading volume of 545,933 shares, compared to its average volume of 922,706. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 0.88 and a beta of 0.32. Stride has a twelve month low of $54.81 and a twelve month high of $137.25. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $109.33 and a two-hundred day simple moving average of $91.54.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a net margin of 11.38% and a return on equity of 21.23%. As a group, research analysts expect that Stride will post 6.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Stride

Hedge funds and other institutional investors have recently bought and sold shares of the company. R Squared Ltd acquired a new position in Stride during the 4th quarter worth approximately $37,000. Mendota Financial Group LLC bought a new position in Stride in the third quarter valued at $86,000. TD Private Client Wealth LLC increased its stake in Stride by 27.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock valued at $167,000 after buying an additional 426 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Stride by 45.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock worth $176,000 after buying an additional 643 shares during the last quarter. Finally, Central Pacific Bank Trust Division grew its holdings in shares of Stride by 24.2% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company’s stock valued at $184,000 after acquiring an additional 420 shares in 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.