Stride’s (LRN) Outperform Rating Reiterated at Barrington Research

Stride (NYSE:LRN)‘s stock had its “outperform” rating reissued by equities research analysts at Barrington Research in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $75.00 price target on the stock. Barrington Research’s price objective suggests a potential upside of 13.04% from the stock’s previous close. Barrington Research also issued estimates for Stride’s Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $4.52 EPS and FY2025 earnings at $5.00 EPS.

LRN has been the subject of several other research reports. StockNews.com raised shares of Stride from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. Wedbush reissued an “outperform” rating on shares of Stride in a research report on Wednesday, January 24th. Morgan Stanley increased their price objective on shares of Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. BMO Capital Markets lifted their target price on Stride from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Citigroup upped their price objective on Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Stride Stock Performance

Shares of Stride stock opened at $66.35 on Wednesday. The company has a market cap of $2.88 billion, a P/E ratio of 15.58, a PEG ratio of 0.67 and a beta of 0.26. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $60.32 and a two-hundred day moving average price of $58.29. Stride has a 1-year low of $35.61 and a 1-year high of $69.70.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.13. Stride had a return on equity of 18.86% and a net margin of 9.29%. The firm had revenue of $520.84 million for the quarter, compared to analyst estimates of $507.89 million. During the same period in the previous year, the firm earned $1.30 earnings per share. The company’s revenue was up 10.7% compared to the same quarter last year. As a group, analysts anticipate that Stride will post 4.31 EPS for the current year.

Institutional Investors Weigh In On Stride

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. increased its holdings in Stride by 348.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock valued at $26,000 after purchasing an additional 449 shares during the period. SG Americas Securities LLC raised its holdings in shares of Stride by 18.5% during the third quarter. SG Americas Securities LLC now owns 19,987 shares of the company’s stock valued at $900,000 after acquiring an additional 3,119 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Stride by 126.3% in the third quarter. Exchange Traded Concepts LLC now owns 34,169 shares of the company’s stock worth $1,539,000 after acquiring an additional 19,068 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in Stride in the third quarter valued at $428,000. Finally, TD Asset Management Inc purchased a new position in Stride during the 3rd quarter valued at $207,000. 98.24% of the stock is currently owned by institutional investors.

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.