Stride (NYSE:LRN) Receives “Outperform” Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Stride (NYSE:LRN) in a report issued on Tuesday morning,Benzinga reports. They currently have a $185.00 price objective on the stock.

LRN has been the topic of a number of other reports. Wall Street Zen upgraded Stride from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley increased their target price on Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $146.40.

Stride Price Performance

Shares of LRN opened at $142.25 on Tuesday. Stride has a 1-year low of $63.25 and a 1-year high of $171.17. The firm has a market capitalization of $6.21 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 0.84 and a beta of 0.22. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.39 and a quick ratio of 5.27. The company’s fifty day moving average price is $148.79 and its 200-day moving average price is $142.85.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.46. Stride had a net margin of 11.97% and a return on equity of 25.51%. The firm had revenue of $653.65 million during the quarter, compared to analysts’ expectations of $626.23 million. During the same quarter last year, the company posted $1.42 earnings per share. The firm’s revenue was up 22.4% compared to the same quarter last year. On average, equities research analysts predict that Stride will post 6.67 EPS for the current year.

Insider Activity at Stride

In related news, CEO James Jeaho Rhyu sold 13,961 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total value of $2,270,896.26. Following the transaction, the chief executive officer owned 706,353 shares of the company’s stock, valued at $114,895,378.98. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Stride

A number of institutional investors and hedge funds have recently bought and sold shares of LRN. Newbridge Financial Services Group Inc. purchased a new stake in Stride in the second quarter valued at approximately $25,000. Larson Financial Group LLC increased its stake in Stride by 333.3% in the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock valued at $26,000 after purchasing an additional 160 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Stride during the 2nd quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. lifted its stake in Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after buying an additional 85 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Stride during the second quarter valued at approximately $30,000. 98.24% of the stock is owned by hedge funds and other 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.