Stride’s (LRN) “Outperform” Rating Reiterated at Barrington Research

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

A number of other equities research analysts have also recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Stride from $60.00 to $65.00 and gave the company an equal weight rating in a research note on Wednesday, January 24th. Wedbush restated an outperform rating on shares of Stride in a research note on Wednesday, January 24th. Citigroup lifted their price objective on shares of Stride from $70.00 to $75.00 and gave the company a buy rating in a research note on Monday, January 29th. StockNews.com raised Stride from a hold rating to a buy rating in a report on Tuesday, April 2nd. Finally, BMO Capital Markets lifted their target price on Stride from $71.00 to $72.00 and gave the stock an outperform rating in a report on Thursday, January 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Stride presently has a consensus rating of Moderate Buy and an average price target of $72.00.

Stride Stock Performance

LRN stock opened at $67.08 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.44 and a current ratio of 4.29. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.73 and a beta of 0.26. Stride has a 1 year low of $35.61 and a 1 year high of $69.70. The stock’s fifty day moving average is $60.45 and its two-hundred day moving average is $58.34.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. The company had revenue of $520.84 million for the quarter, compared to analysts’ expectations of $507.89 million. Stride had a return on equity of 18.29% and a net margin of 9.29%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $1.30 earnings per share. On average, research analysts predict that Stride will post 4.55 EPS for the current year.

Hedge Funds Weigh In On Stride

A number of institutional investors have recently bought and sold shares of LRN. Ronald Blue Trust Inc. grew its position in Stride by 348.1% in the third quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock valued at $26,000 after acquiring an additional 449 shares during the period. McGlone Suttner Wealth Management Inc. bought a new stake in Stride in the fourth quarter valued at $29,000. McIlrath & Eck LLC bought a new stake in Stride in the third quarter valued at $31,000. Strs Ohio bought a new stake in Stride in the fourth quarter valued at $47,000. Finally, GAMMA Investing LLC bought a new stake in Stride in the fourth quarter valued at $65,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Company Profile

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.