Stride (NYSE:LRN) Given New $139.00 Price Target at BMO Capital Markets

Stride (NYSE:LRN) had its price target hoisted by stock analysts at BMO Capital Markets from $134.00 to $139.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 10.01% from the company’s previous close.

Several other brokerages have also recently weighed in on LRN. Canaccord Genuity Group raised their price target on shares of Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Barrington Research restated an “outperform” rating and set a $140.00 target price on shares of Stride in a report on Friday, March 14th. Finally, Morgan Stanley lifted their price target on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.17.

Stride Trading Up 0.1 %

Shares of NYSE:LRN opened at $126.36 on Tuesday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 21.09, a PEG 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 12 month low of $56.17 and a 12 month high of $145.00. The company’s fifty day simple moving average is $130.40 and its 200 day simple moving average is $108.16.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that Stride will post 6.67 EPS for the current fiscal year.

Institutional Trading of Stride

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Stride by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company’s stock worth $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% during the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock worth $256,397,000 after acquiring an additional 375,686 shares during the period. Janus Henderson Group PLC raised its stake in Stride by 27.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company’s stock worth $155,251,000 after purchasing an additional 323,275 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 purchasing an additional 5,694 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock worth $90,024,000 after purchasing an additional 645,835 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors.

About Stride

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.