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

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

A number of other brokerages have also recently commented on LRN. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research report on Tuesday, March 3rd. Canaccord Genuity Group restated a “buy” rating and issued a $125.00 price objective on shares of Stride in a research note on Wednesday, January 28th. Wall Street Zen downgraded shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Morgan Stanley reduced their target price on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a research report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $109.75.

Stride Trading Up 1.6%

NYSE:LRN opened at $98.49 on Thursday. Stride has a 12 month low of $60.61 and a 12 month high of $171.17. The company has a current ratio of 7.27, a quick ratio of 7.19 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $87.08 and its 200 day moving average is $86.03. The stock has a market capitalization of $4.19 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.60 and a beta of 0.05.

Institutional Trading of Stride

A number of hedge funds and other institutional investors have recently made changes to their positions in LRN. Cache Advisors LLC bought a new position in Stride in the 1st quarter worth about $110,000. Kirr Marbach & Co. LLC IN increased its position in shares of Stride by 0.5% during the first quarter. Kirr Marbach & Co. LLC IN now owns 102,484 shares of the company’s stock valued at $9,036,000 after buying an additional 539 shares during the period. Campbell Newman Asset Management Inc. increased its position in shares of Stride by 1.7% during the first quarter. Campbell Newman Asset Management Inc. now owns 23,786 shares of the company’s stock valued at $2,097,000 after buying an additional 403 shares during the period. Evolve Private Wealth LLC lifted its holdings in shares of Stride by 11.4% in the first quarter. Evolve Private Wealth LLC now owns 7,026 shares of the company’s stock worth $619,000 after buying an additional 721 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Stride by 3,811.3% in the fourth quarter. Hsbc Holdings PLC now owns 66,062 shares of the company’s stock worth $4,309,000 after buying an additional 64,373 shares in the last quarter. 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.