Stride (NYSE:LRN) Price Target Increased to $73.00 by Analysts at BMO Capital Markets

Stride (NYSE:LRN) had its price objective lifted by research analysts at BMO Capital Markets from $72.00 to $73.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 11.88% from the company’s previous close.

Several other equities analysts have also recently weighed in on LRN. Morgan Stanley lifted their price target on Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Barrington Research restated an “outperform” rating and set a $75.00 price target on shares of Stride in a report on Wednesday. Wedbush reissued an “outperform” rating on shares of Stride in a research report on Wednesday, January 24th. StockNews.com upgraded Stride from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. Finally, Citigroup lifted their target price on Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Stride Stock Up 3.2 %

Shares of NYSE:LRN traded up $2.02 during mid-day trading on Thursday, reaching $65.25. 526,933 shares of the stock were exchanged, compared to its average volume of 773,531. Stride has a one year low of $35.61 and a one year high of $69.70. The company has a market cap of $2.83 billion, a P/E ratio of 15.35, a P/E/G ratio of 0.67 and a beta of 0.26. The stock’s 50 day simple moving average is $60.32 and its 200-day simple moving average is $58.29. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.43.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. Stride had a return on equity of 18.86% and a net margin of 9.29%. The business had revenue of $520.84 million for the quarter, compared to analyst estimates of $507.89 million. During the same quarter in the previous year, the company posted $1.30 EPS. Stride’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts predict that Stride will post 4.31 EPS for the current year.

Hedge Funds Weigh In On Stride

Several hedge funds have recently made changes to their positions in LRN. SummerHaven Investment Management LLC boosted its stake in shares of Stride by 0.9% during the 4th quarter. SummerHaven Investment Management LLC now owns 20,081 shares of the company’s stock worth $1,192,000 after acquiring an additional 182 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Stride by 13.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,760 shares of the company’s stock worth $104,000 after buying an additional 215 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Stride by 25.9% during 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 during the period. Ronald Blue Trust Inc. boosted its position in shares of Stride by 348.1% during 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 during the period. Finally, Quadrant Capital Group LLC boosted its position in Stride by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock valued at $66,000 after buying an additional 483 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, 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.