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

Stride (NYSE:LRN)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $125.00 target price on the stock. Barrington Research’s target price suggests a potential upside of 79.97% from the company’s previous close.

LRN has been the topic of a number of other research reports. Wall Street Zen upgraded shares of Stride from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Morgan Stanley reduced their target price on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Zacks Research downgraded shares of Stride from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. BMO Capital Markets set a $108.00 target price on Stride and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Stride in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Stride currently has a consensus rating of “Hold” and a consensus target price of $125.75.

Stride Trading Down 0.4%

Shares of LRN stock opened at $69.46 on Wednesday. The company has a market capitalization of $3.05 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.42 and a beta of 0.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 6.69 and a current ratio of 6.78. The business’s fifty day moving average is $65.49 and its 200 day moving average is $112.89. Stride has a 52-week low of $60.61 and a 52-week high of $171.17.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.29. The firm had revenue of $620.88 million for the quarter, compared to analysts’ expectations of $615.50 million. Stride had a net margin of 12.76% and a return on equity of 26.29%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company posted $0.94 EPS. On average, equities research analysts anticipate that Stride will post 6.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Stride

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. bought a new stake in shares of Stride in the 2nd quarter valued at $25,000. Financial Management Professionals Inc. acquired a new position in Stride during the 3rd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Stride in the second quarter valued at $30,000. Penserra Capital Management LLC bought a new stake in Stride during the second quarter worth about $27,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after buying an additional 85 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

About Stride

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.