Barrington Research Reiterates Outperform Rating for Stride (NYSE:LRN)
by Renee Jackson · The Cerbat GemStride (NYSE:LRN – Get Free Report)‘s stock had its “outperform” rating reaffirmed by equities researchers at Barrington Research in a research note issued to investors on Thursday,Benzinga reports. They presently have a $125.00 price objective on the stock. Barrington Research’s price objective points to a potential upside of 26.92% from the company’s previous close.
Several other equities research analysts also recently weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a report on Tuesday, March 3rd. Morgan Stanley lowered their target price on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Weiss Ratings restated a “hold (c)” rating on shares of Stride in a research report on Friday, April 10th. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $125.00 price objective on shares of Stride in a report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $109.75.
Get Our Latest Analysis on Stride
Stride Trading Up 1.6%
Shares of LRN stock opened at $98.49 on Thursday. Stride has a 1 year low of $60.61 and a 1 year high of $171.17. The firm has a market capitalization of $4.19 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.60 and a beta of 0.05. The stock has a fifty day moving average of $87.08 and a two-hundred day moving average of $86.46. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.19 and a current ratio of 7.27.
Institutional Investors Weigh In On Stride
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd acquired a new stake in Stride during the third quarter valued at approximately $3,391,000. Seizert Capital Partners LLC bought a new stake in Stride during the third quarter worth approximately $2,128,000. Fort Washington Investment Advisors Inc. OH grew its position in Stride by 24.9% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 232,153 shares of the company’s stock worth $34,577,000 after buying an additional 46,278 shares during the last quarter. GW&K Investment Management LLC acquired a new position in Stride in the third quarter worth approximately $17,277,000. Finally, Divisadero Street Capital Management LP bought a new position in shares of Stride in the third quarter valued at $55,852,000. 98.24% of the stock is owned by institutional investors and hedge funds.
About Stride
Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.
In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.