Stride (NYSE:LRN) PT Raised to $73.00

Stride (NYSE:LRN) had its target price upped by BMO Capital Markets from $72.00 to $73.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an outperform rating on the stock.

LRN has been the topic of several other reports. Wedbush reaffirmed an outperform rating on shares of Stride in a research note on Wednesday, January 24th. StockNews.com raised Stride from a hold rating to a buy rating in a research note on Tuesday, April 2nd. Citigroup upped their price target on Stride from $70.00 to $75.00 and gave the stock a buy rating in a research note on Monday, January 29th. Barrington Research reaffirmed an outperform rating and issued a $75.00 price target on shares of Stride in a research note on Wednesday, April 24th. Finally, Morgan Stanley upped their price target on Stride from $60.00 to $65.00 and gave the stock an equal weight rating in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Stride presently has a consensus rating of Moderate Buy and an average target price of $72.00.

Stride Price Performance

LRN opened at $67.08 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.44 and a current ratio of 4.29. Stride has a 52-week low of $35.61 and a 52-week high of $69.70. The stock has a market capitalization of $2.90 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 0.74 and a beta of 0.26. The stock’s 50 day moving average price is $60.65 and its 200-day moving average price is $58.58.

Stride (NYSE:LRN) last posted its 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. The firm had revenue of $520.84 million for the quarter, compared to analysts’ expectations of $507.89 million. Stride had a return on equity of 18.29% and a net margin of 9.29%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 earnings per share. On average, equities research analysts predict that Stride will post 4.55 EPS for the current year.

Institutional Investors Weigh In On Stride

Hedge funds have recently added to or reduced their stakes in the stock. Ronald Blue Trust Inc. boosted its holdings in Stride by 348.1% in the third quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock worth $26,000 after acquiring an additional 449 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in shares of Stride during the fourth quarter valued at $29,000. McIlrath & Eck LLC bought a new position in shares of Stride during the third quarter valued at $31,000. Strs Ohio bought a new position in shares of Stride during the fourth quarter valued at $47,000. Finally, GAMMA Investing LLC bought a new position in shares of Stride during the fourth quarter valued at $65,000. 98.24% of the stock is owned by institutional investors.

About Stride

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.