BMO Capital Markets Issues Positive Forecast for Stride (NYSE:LRN) Stock Price

Stride (NYSE:LRN) had its price target lifted by analysts at BMO Capital Markets from $134.00 to $139.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 6.03% from the stock’s previous close.

Several other brokerages also recently commented on LRN. Canaccord Genuity Group upped their target price on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Barrington Research restated an “outperform” rating and issued a $140.00 price objective on shares of Stride in a report on Friday, March 14th. Finally, Morgan Stanley upped their price target on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Stride has an average rating of “Moderate Buy” and an average price target of $120.17.

Stride Price Performance

Shares of NYSE:LRN opened at $131.10 on Tuesday. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. Stride has a 52 week low of $56.17 and a 52 week high of $145.00. The firm’s 50 day moving average is $130.92 and its two-hundred day moving average is $108.64. The firm has a market capitalization of $5.71 billion, a P/E ratio of 21.89, a PEG ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. Analysts anticipate that Stride will post 6.67 earnings per share for the current year.

Institutional Trading of Stride

Several hedge funds and other institutional investors have recently bought and sold shares of LRN. R Squared Ltd acquired a new stake in shares of Stride during the 4th quarter valued at about $37,000. Point72 Hong Kong Ltd acquired a new stake in shares of Stride in the 4th quarter valued at $41,000. CIBC Private Wealth Group LLC raised its holdings in Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock worth $42,000 after purchasing an additional 178 shares during the last quarter. Covestor Ltd boosted its stake in Stride by 51.6% in the fourth quarter. Covestor Ltd now owns 632 shares of the company’s stock valued at $66,000 after acquiring an additional 215 shares during the last quarter. Finally, Gen Wealth Partners Inc acquired a new stake in shares of Stride during the fourth quarter worth $75,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

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.