Stride (NYSE:LRN) Price Target Raised to $73.00

Stride (NYSE:LRN) had its price target increased by BMO Capital Markets from $72.00 to $73.00 in a report issued on Thursday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other analysts have also weighed in on the stock. Barrington Research restated an outperform rating and set a $75.00 price objective on shares of Stride in a research note on Wednesday. Morgan Stanley raised their target price on shares of Stride from $60.00 to $65.00 and gave the stock an equal weight rating in a report on Wednesday, January 24th. Citigroup lifted their target price on shares of Stride from $70.00 to $75.00 and gave the stock a buy rating in a research report on Monday, January 29th. StockNews.com raised Stride from a hold rating to a buy rating in a report on Tuesday, April 2nd. Finally, Wedbush reaffirmed an outperform rating on shares of Stride in a report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $72.00.

Stride Stock Up 2.2 %

NYSE:LRN traded up $1.43 on Thursday, reaching $67.79. 372,594 shares of the stock traded hands, compared to its average volume of 778,150. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 0.70 and a beta of 0.26. The company has a current ratio of 4.29, a quick ratio of 4.44 and a debt-to-equity ratio of 0.40. Stride has a 12 month low of $35.61 and a 12 month high of $69.70. The company’s fifty day simple moving average is $60.32 and its 200 day simple moving average is $58.29.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. The business had revenue of $520.84 million during the quarter, compared to analyst estimates of $507.89 million. Stride had a net margin of 9.29% and a return on equity of 18.29%. Stride’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business earned $1.30 EPS. Equities analysts predict that Stride will post 4.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Stride

Hedge funds have recently modified their holdings of the business. Ronald Blue Trust Inc. boosted its holdings in Stride by 348.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock worth $26,000 after buying an additional 449 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in Stride in the 4th quarter worth $29,000. McIlrath & Eck LLC bought a new position in Stride in the 3rd quarter worth $31,000. Strs Ohio bought a new position in Stride in the 4th quarter worth $47,000. Finally, GAMMA Investing LLC bought a new position in Stride in the 4th quarter worth $65,000. Institutional investors own 98.24% of the company’s stock.

About Stride

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.