Stride (NYSE:LRN) Given Outperform Rating at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Stride (NYSE:LRN) in a research note issued to investors on Friday morning,Benzinga reports. They currently have a $140.00 target price on the stock.

A number of other research analysts also recently issued reports on the company. Morgan Stanley boosted their price objective on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Canaccord Genuity Group boosted their price objective on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, BMO Capital Markets boosted their price objective on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.33.

Stride Stock Up 2.1 %

Shares of LRN opened at $120.93 on Friday. The company has a market capitalization of $5.27 billion, a PE ratio of 20.19, a PEG ratio of 1.04 and a beta of 0.46. Stride has a 12 month low of $56.17 and a 12 month high of $145.00. The stock’s 50-day moving average price is $127.04 and its two-hundred day moving average price is $104.15. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN) last announced its 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 return on equity of 22.42% and a net margin of 12.30%. On average, analysts anticipate that Stride will post 6.67 EPS for the current year.

Institutional Trading of Stride

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Stride by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company’s stock valued at $485,706,000 after buying an additional 69,888 shares in the last quarter. William Blair Investment Management LLC increased its position 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 in the last quarter. Janus Henderson Group PLC increased its position in Stride by 27.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company’s stock valued at $155,251,000 after buying an additional 323,275 shares in 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 buying an additional 5,694 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in Stride by 51.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock valued at $79,326,000 after buying an additional 314,435 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

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.