Stride (NYSE:LRN) PT Raised to $100.00 at Canaccord Genuity Group

Stride (NYSE:LRN) had its target price boosted by Canaccord Genuity Group from $94.00 to $100.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 8.37% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Barrington Research reaffirmed an “outperform” rating and set a $90.00 target price on shares of Stride in a research report on Friday, October 11th. Citigroup downgraded shares of Stride from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $77.00 to $90.00 in a report on Tuesday, August 20th. Canaccord Genuity Group assumed coverage on shares of Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 price objective for the company. BMO Capital Markets lifted their target price on Stride from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Finally, StockNews.com raised Stride from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.50.

Stride Stock Up 2.9 %

LRN stock opened at $92.28 on Wednesday. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 0.74 and a beta of 0.26. The company has a 50-day moving average of $79.51 and a two-hundred day moving average of $72.80. Stride has a 52-week low of $50.28 and a 52-week high of $92.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.10 and a quick ratio of 4.95.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.72. The firm had revenue of $551.08 million during the quarter, compared to the consensus estimate of $504.29 million. Stride had a return on equity of 19.12% and a net margin of 10.01%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 EPS. As a group, equities research analysts anticipate that Stride will post 5.05 EPS for the current year.

Institutional Trading of Stride

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC lifted its stake in Stride by 1.1% during the second quarter. SummerHaven Investment Management LLC now owns 20,454 shares of the company’s stock worth $1,442,000 after purchasing an additional 217 shares during the period. Arizona State Retirement System lifted its position in shares of Stride by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 11,536 shares of the company’s stock worth $813,000 after buying an additional 220 shares during the period. Isthmus Partners LLC boosted its stake in Stride by 4.8% in the 2nd quarter. Isthmus Partners LLC now owns 4,814 shares of the company’s stock valued at $339,000 after buying an additional 222 shares in the last quarter. Sei Investments Co. grew its position in Stride by 0.6% in the second quarter. Sei Investments Co. now owns 40,210 shares of the company’s stock valued at $2,834,000 after acquiring an additional 242 shares during the period. Finally, Kirr Marbach & Co. LLC IN raised its stake in Stride by 0.3% during the second quarter. Kirr Marbach & Co. LLC IN now owns 107,595 shares of the company’s stock worth $7,585,000 after acquiring an additional 348 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

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.