Stride (NYSE:LRN) Given New $130.00 Price Target at Barrington Research

Stride (NYSE:LRN) had its price objective boosted by equities researchers at Barrington Research from $100.00 to $130.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s price target suggests a potential upside of 15.07% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. BMO Capital Markets increased their price target on shares of Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Canaccord Genuity Group lifted their price objective on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Morgan Stanley increased their target price on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Citigroup raised their price target on Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Stride has an average rating of “Moderate Buy” and a consensus price target of $102.50.

Stride Stock Performance

LRN opened at $112.98 on Friday. Stride has a 1-year low of $54.81 and a 1-year high of $115.42. The stock has a market cap of $4.92 billion, a P/E ratio of 20.54, a P/E/G ratio of 0.84 and a beta of 0.32. The stock’s 50 day simple moving average is $106.23 and its 200 day simple moving average is $88.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50.

Stride (NYSE:LRN) last posted 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. Stride had a return on equity of 21.23% and a net margin of 11.38%. The company had revenue of $551.08 million for the quarter, compared to analyst estimates of $504.29 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. Stride’s revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts anticipate that Stride will post 6.64 EPS for the current fiscal year.

Insider Activity

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of Stride stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the completion of the sale, the director now owns 85,058 shares in the company, valued at $7,786,209.32. The trade was a 8.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Stride

Several hedge funds have recently modified their holdings of LRN. Sanctuary Advisors LLC purchased a new position in Stride during the second quarter worth approximately $534,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Stride during the 3rd quarter worth $430,000. International Assets Investment Management LLC raised its position in shares of Stride by 8,431.7% in the 3rd quarter. International Assets Investment Management LLC now owns 5,119 shares of the company’s stock worth $437,000 after buying an additional 5,059 shares during the period. Quest Partners LLC boosted its holdings in Stride by 20,248.8% in the third quarter. Quest Partners LLC now owns 8,343 shares of the company’s stock valued at $712,000 after acquiring an additional 8,302 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Stride by 24.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,000 shares of the company’s stock worth $3,071,000 after purchasing an additional 7,100 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

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.