Stride (NYSE:LRN) Given New $85.00 Price Target at Barrington Research

Stride (NYSE:LRN) had its price target increased by Barrington Research from $75.00 to $85.00 in a research report report published on Wednesday morning, Benzinga reports. Barrington Research currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. BMO Capital Markets raised their target price on shares of Stride from $72.00 to $73.00 and gave the company an outperform rating in a research note on Thursday, April 25th. StockNews.com raised shares of Stride from a hold rating to a buy rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $74.50.

Stride Stock Down 0.1 %

Shares of NYSE LRN opened at $75.98 on Wednesday. The firm has a market capitalization of $3.29 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 0.76 and a beta of 0.28. The company has a current ratio of 4.29, a quick ratio of 4.21 and a debt-to-equity ratio of 0.40. Stride has a 1 year low of $38.01 and a 1 year high of $76.33. The firm’s 50-day moving average is $69.58 and its 200-day moving average is $64.86.

Institutional Trading of Stride

Several hedge funds have recently bought and sold shares of LRN. William Blair Investment Management LLC acquired a new stake in Stride during the 1st quarter worth approximately $111,377,000. Swedbank AB acquired a new stake in shares of Stride in the first quarter valued at approximately $60,385,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Stride in the second quarter valued at approximately $43,387,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Stride by 641.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 508,444 shares of the company’s stock valued at $32,058,000 after purchasing an additional 439,911 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Stride in the fourth quarter valued at approximately $25,594,000. 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, 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.