BMO Capital Markets Raises Stride (NYSE:LRN) Price Target to $67.00

Stride (NYSE:LRN) had its price target lifted by BMO Capital Markets from $57.00 to $67.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Stride from $57.00 to $60.00 and gave the company an equal weight rating in a research note on Thursday. StockNews.com cut shares of Stride from a buy rating to a hold rating in a research note on Monday, November 6th. Finally, Barrington Research lifted their price objective on shares of Stride from $50.00 to $60.00 and gave the company an outperform rating in a research note on Wednesday, October 25th.

Stride Price Performance

Shares of NYSE LRN opened at $57.14 on Thursday. The stock has a market capitalization of $2.46 billion, a PE ratio of 15.83, a P/E/G ratio of 0.71 and a beta of 0.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.61 and a quick ratio of 3.54. The business has a fifty day moving average price of $48.90 and a two-hundred day moving average price of $43.04. Stride has a fifty-two week low of $30.66 and a fifty-two week high of $58.39.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.50. The firm had revenue of $480.18 million during the quarter, compared to analysts’ expectations of $456.24 million. Stride had a return on equity of 16.94% and a net margin of 8.16%. As a group, equities analysts predict that Stride will post 4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Les Ottolenghi sold 6,150 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $56.42, for a total value of $346,983.00. Following the completion of the transaction, the insider now directly owns 60,757 shares in the company, valued at approximately $3,427,909.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Stride news, insider Les Ottolenghi sold 6,150 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $56.42, for a total value of $346,983.00. Following the completion of the transaction, the insider now directly owns 60,757 shares in the company, valued at $3,427,909.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Jeaho Rhyu sold 25,000 shares of Stride stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $50.56, for a total value of $1,264,000.00. Following the sale, the chief executive officer now directly owns 587,475 shares in the company, valued at $29,702,736. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,737 shares of company stock valued at $2,180,669. 2.76% of the stock is currently owned by insiders.

Institutional Trading of Stride

A number of hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Stride by 0.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,169 shares of the company’s stock valued at $1,223,000 after purchasing an additional 283 shares in the last quarter. Mackenzie Financial Corp raised its position in Stride by 1.0% during the 2nd quarter. Mackenzie Financial Corp now owns 32,913 shares of the company’s stock worth $1,225,000 after purchasing an additional 340 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Stride by 51.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,015 shares of the company’s stock worth $40,000 after purchasing an additional 346 shares during the last quarter. FMR LLC raised its position in Stride by 0.4% during the 2nd quarter. FMR LLC now owns 84,342 shares of the company’s stock worth $3,441,000 after purchasing an additional 346 shares during the last quarter. Finally, CenterBook Partners LP raised its position in Stride by 3.4% during the 1st quarter. CenterBook Partners LP now owns 11,215 shares of the company’s stock worth $440,000 after purchasing an additional 366 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Company Profile

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.