Stride (NYSE:LRN) Price Target Raised to $145.00 at Canaccord Genuity Group

Stride (NYSE:LRN) had its target price lifted by Canaccord Genuity Group from $135.00 to $145.00 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also recently commented on LRN. Barrington Research boosted their target price on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. BMO Capital Markets lifted their price target on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Morgan Stanley lifted their price target on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.33.

Stride Trading Down 1.6 %

Shares of LRN stock opened at $118.16 on Tuesday. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. Stride has a fifty-two week low of $56.17 and a fifty-two week high of $145.00. The firm’s 50 day moving average price is $126.80 and its two-hundred day moving average price is $104.05.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping 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%. On average, analysts anticipate that Stride will post 6.67 EPS for the current year.

Institutional Trading of Stride

Several institutional investors have recently added to or reduced their stakes in LRN. Amalgamated Bank increased its stake in Stride by 1.9% during the third quarter. Amalgamated Bank now owns 12,528 shares of the company’s stock valued at $1,069,000 after purchasing an additional 235 shares during the last quarter. Atria Investments Inc bought a new position in shares of Stride during the third quarter worth about $274,000. Crossmark Global Holdings Inc. grew its position in shares of Stride by 3.9% during the third quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock worth $274,000 after acquiring an additional 121 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Stride during the third quarter worth about $442,000. Finally, GSA Capital Partners LLP bought a new position in shares of Stride during the third quarter worth about $513,000. Institutional investors 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.