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

Stride (NYSE:LRN)‘s stock had its “outperform” rating reiterated by equities research analysts at Barrington Research in a note issued to investors on Friday,Benzinga reports. They presently have a $140.00 price objective on the stock. Barrington Research’s target price would suggest a potential upside of 18.48% from the stock’s current price.

A number of other equities analysts have also recently weighed in on LRN. Canaccord Genuity Group boosted their price target on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday. BMO Capital Markets lifted their price objective on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley upped their target price on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Stride currently has a consensus rating of “Moderate Buy” and an average target price of $119.33.

Stride Stock Performance

NYSE:LRN opened at $118.16 on Friday. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $5.15 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The firm has a 50-day moving average price of $127.04 and a two-hundred day moving average price of $104.15. Stride has a twelve month low of $56.17 and a twelve month high of $145.00.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, research analysts expect that Stride will post 6.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LRN. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Stride during the 4th quarter worth $4,650,000. Pacific Point Advisors LLC acquired a new stake in Stride during the fourth quarter worth about $208,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Stride by 0.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,985 shares of the company’s stock worth $10,599,000 after purchasing an additional 383 shares during the period. Vident Advisory LLC acquired a new position in shares of Stride in the 4th quarter valued at about $297,000. Finally, Squarepoint Ops LLC grew its holdings in shares of Stride by 165.5% during the 4th quarter. Squarepoint Ops LLC now owns 134,598 shares of the company’s stock worth $13,989,000 after purchasing an additional 83,898 shares during the period. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Stride Company Profile

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.