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

Barrington Research reissued their outperform rating on shares of Stride (NYSE:LRN) in a research report released on Wednesday morning, Benzinga reports. They currently have a $75.00 price objective on the stock. Barrington Research also issued estimates for Stride’s Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $4.52 EPS and FY2025 earnings at $5.00 EPS.

A number of other analysts have also recently commented on LRN. BMO Capital Markets boosted their price target on Stride from $71.00 to $72.00 and gave the stock an outperform rating in a research report on Thursday, January 25th. StockNews.com raised Stride from a hold rating to a buy rating in a research report on Tuesday, April 2nd. Morgan Stanley boosted their price objective on shares of Stride from $60.00 to $65.00 and gave the stock an equal weight rating in a report on Wednesday, January 24th. Citigroup boosted their price objective on shares of Stride from $70.00 to $75.00 and gave the stock a buy rating in a report on Monday, January 29th. Finally, Wedbush restated an outperform rating on shares of Stride in a report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $72.00.

Stride Stock Performance

Stride stock opened at $67.08 on Wednesday. The stock’s 50 day simple moving average is $60.45 and its two-hundred day simple moving average is $58.34. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.44 and a current ratio of 4.29. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.73 and a beta of 0.26. Stride has a fifty-two week low of $35.61 and a fifty-two week high of $69.70.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.13. The business had revenue of $520.84 million for the quarter, compared to analysts’ expectations of $507.89 million. Stride had a return on equity of 18.29% and a net margin of 9.29%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 EPS. As a group, analysts expect that Stride will post 4.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stride

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC increased its stake in shares of Stride by 0.9% in the 4th quarter. SummerHaven Investment Management LLC now owns 20,081 shares of the company’s stock worth $1,192,000 after purchasing an additional 182 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of Stride by 0.9% in the 1st quarter. New York State Teachers Retirement System now owns 22,879 shares of the company’s stock worth $1,443,000 after purchasing an additional 200 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Stride by 13.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,760 shares of the company’s stock worth $104,000 after purchasing an additional 215 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Stride by 25.9% in the 1st quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock worth $87,000 after purchasing an additional 282 shares in the last quarter. Finally, Ronald Blue Trust Inc. increased its stake in shares of Stride by 348.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock worth $26,000 after purchasing an additional 449 shares in the last quarter. 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, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.