Stride (NYSE:LRN) Given Outperform Rating at Barrington Research

Barrington Research reiterated their outperform rating on shares of Stride (NYSE:LRN) in a report released on Wednesday,Benzinga reports. Barrington Research currently has a $125.00 target price on the stock.

A number of other equities analysts also recently commented on LRN. Wall Street Zen upgraded Stride from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stride in a research report on Monday, December 29th. Morgan Stanley dropped their price target on Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Zacks Research cut Stride from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Canaccord Genuity Group boosted their target price on shares of Stride from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Stride presently has an average rating of “Hold” and an average price target of $125.75.

Stride Stock Performance

Shares of LRN opened at $71.58 on Wednesday. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.42 and a beta of 0.06. The company has a quick ratio of 6.69, a current ratio of 6.78 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $65.61 and its two-hundred day moving average is $112.60. Stride has a 52-week low of $60.61 and a 52-week high of $171.17.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.29. The business had revenue of $620.88 million during the quarter, compared to the consensus estimate of $615.50 million. Stride had a net margin of 12.76% and a return on equity of 26.29%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 earnings per share. Analysts forecast that Stride will post 6.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Stride

Hedge funds have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. bought a new position in shares of Stride during the second quarter worth about $25,000. Financial Management Professionals Inc. acquired a new position in Stride during the 3rd quarter valued at about $26,000. Penserra Capital Management LLC bought a new position in Stride in the 2nd quarter worth about $27,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Stride by 78.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after purchasing an additional 85 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Stride during the second quarter valued at approximately $30,000. 98.24% of the stock is currently owned by institutional investors.

About Stride

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.