BMO Capital Markets Raises Stride (NYSE:LRN) Price Target to $134.00

Stride (NYSE:LRN) had its price target hoisted by analysts at BMO Capital Markets from $122.00 to $134.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential downside of 0.57% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Barrington Research boosted their price objective on Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday. Citigroup boosted their price objective on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group boosted their price objective on Stride from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Morgan Stanley boosted their price objective on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $116.83.

Stride Trading Up 0.5 %

Stride stock opened at $134.76 on Thursday. The business has a 50-day simple moving average of $110.56 and a two-hundred day simple moving average of $92.29. The company has a market cap of $5.87 billion, a P/E ratio of 22.50, a P/E/G ratio of 0.96 and a beta of 0.32. Stride has a 52-week low of $54.81 and a 52-week high of $137.54. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a return on equity of 23.16% and a net margin of 12.30%. Analysts predict that Stride will post 6.67 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LRN. Janus Henderson Group PLC raised its holdings in shares of Stride by 1.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company’s stock worth $99,851,000 after acquiring an additional 13,050 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Stride by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock worth $82,315,000 after acquiring an additional 35,349 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Stride by 51.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock worth $79,326,000 after acquiring an additional 314,435 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock worth $90,024,000 after acquiring an additional 645,835 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Stride by 72.4% during the 3rd quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock worth $70,594,000 after acquiring an additional 347,564 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

About Stride

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.