Canaccord Genuity Group Issues Positive Forecast for Stride (NYSE:LRN) Stock Price

Stride (NYSE:LRN) had its target price increased by equities researchers at Canaccord Genuity Group from $135.00 to $145.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 20.98% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Morgan Stanley increased their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. BMO Capital Markets increased their price objective on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Barrington Research increased their price objective on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.33.

Stride Trading Up 0.3 %

Shares of Stride stock opened at $119.86 on Tuesday. The company has a market capitalization of $5.22 billion, a P/E ratio of 20.01, a P/E/G ratio of 1.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The company has a fifty day moving average of $126.48 and a 200 day moving average of $103.94. Stride has a fifty-two week low of $56.17 and a fifty-two week high of $145.00.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. On average, sell-side analysts anticipate that Stride will post 6.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Stride in the 4th quarter valued at about $4,650,000. Pacific Point Advisors LLC bought a new position in shares of Stride in the 4th quarter valued at about $208,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Stride by 0.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,985 shares of the company’s stock worth $10,599,000 after purchasing an additional 383 shares during the period. Vident Advisory LLC purchased a new stake in Stride in the 4th quarter worth about $297,000. Finally, Squarepoint Ops LLC raised its position in Stride by 165.5% in the 4th quarter. Squarepoint Ops LLC now owns 134,598 shares of the company’s stock worth $13,989,000 after purchasing an additional 83,898 shares during the period. Institutional investors own 98.24% of the company’s stock.

Stride Company Profile

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.