Stride (NYSE:LRN) Stock Rating Reaffirmed by Barrington Research

Barrington Research reissued their outperform rating on shares of Stride (NYSE:LRN) in a report published on Wednesday, Benzinga reports. Barrington Research currently has a $75.00 target price 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.

Several other analysts also recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of Stride from $71.00 to $72.00 and gave the stock an outperform rating in a research note on Thursday, January 25th. Wedbush reaffirmed an outperform rating on shares of Stride in a research report on Wednesday, January 24th. Citigroup raised their target price on shares of Stride from $70.00 to $75.00 and gave the stock a buy rating in a research report on Monday, January 29th. Morgan Stanley raised their target price on shares of Stride from $60.00 to $65.00 and gave the stock an equal weight rating in a research report on Wednesday, January 24th. Finally, StockNews.com raised shares of Stride from a hold rating to a buy rating in a research report on Tuesday, April 2nd. Two investment 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 stock presently has a consensus rating of Moderate Buy and an average price target of $72.00.

Stride Stock Up 1.1 %

Shares of NYSE LRN opened at $67.08 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.44. The company has a market cap of $2.90 billion, a P/E ratio of 15.75, a PEG ratio of 0.74 and a beta of 0.26. Stride has a 1 year low of $35.61 and a 1 year high of $69.70. The firm has a 50-day simple moving average of $60.65 and a two-hundred day simple moving average of $58.49.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.13. The business had revenue of $520.84 million during the quarter, compared to the consensus estimate of $507.89 million. Stride had a net margin of 9.29% and a return on equity of 18.29%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.30 earnings per share. Research analysts anticipate that Stride will post 4.55 earnings per share for the current year.

Hedge Funds Weigh In On Stride

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Stride by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,969,506 shares of the company’s stock valued at $223,777,000 after buying an additional 28,661 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Stride by 148.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 27,731 shares of the company’s stock valued at $1,646,000 after buying an additional 16,579 shares during the period. Envestnet Asset Management Inc. increased its holdings in Stride by 89.2% during the third quarter. Envestnet Asset Management Inc. now owns 118,047 shares of the company’s stock valued at $5,316,000 after buying an additional 55,641 shares during the period. Weil Company Inc. increased its holdings in Stride by 38.1% during the third quarter. Weil Company Inc. now owns 48,315 shares of the company’s stock valued at $2,176,000 after buying an additional 13,324 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Stride by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 531,030 shares of the company’s stock valued at $23,912,000 after buying an additional 8,754 shares during the period. 98.24% of the stock is owned by hedge funds and other institutional investors.

About Stride

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.