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

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

LRN has been the topic of several other reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $94.00 price target on shares of Stride in a report on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stride in a research note on Monday, December 29th. Morgan Stanley lowered their price objective on Stride from $130.00 to $95.00 and set an “equal weight” rating for the company in a 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 lifted their target price on Stride from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $109.75.

Stride Stock Performance

NYSE:LRN opened at $84.64 on Wednesday. Stride has a 1-year low of $60.61 and a 1-year high of $171.17. The stock has a market cap of $3.60 billion, a P/E ratio of 12.88, a PEG ratio of 0.50 and a beta of 0.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 7.27 and a quick ratio of 6.69. The firm has a 50-day moving average of $67.37 and a two-hundred day moving average of $109.92.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.29. Stride had a return on equity of 26.18% and a net margin of 12.66%.The firm had revenue of $620.88 million during the quarter, compared to the consensus estimate of $615.50 million. During the same quarter in the prior year, the business posted $0.94 earnings per share. Stride’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, research analysts expect that Stride will post 6.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stride

Several large investors have recently added to or reduced their stakes in LRN. 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 acquired a new stake in shares of Stride in the second quarter valued at approximately $30,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Company Profile

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.