Canaccord Genuity Group Boosts Stride (NYSE:LRN) Price Target to $130.00

Stride (NYSE:LRN) had its price target upped by equities research analysts at Canaccord Genuity Group from $100.00 to $130.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 8.85% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their price target on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley lifted their price target on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Barrington Research lifted their price objective on shares of Stride from $100.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Citigroup upped their target price on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Stride presently has an average rating of “Moderate Buy” and an average price target of $107.50.

Stride Stock Up 0.3 %

Shares of LRN opened at $119.43 on Monday. Stride has a one year low of $54.81 and a one year high of $120.60. The business’s 50 day simple moving average is $108.10 and its 200-day simple moving average is $90.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50. The company has a market capitalization of $5.21 billion, a P/E ratio of 21.71, a PEG ratio of 0.88 and a beta of 0.32.

Institutional Trading of Stride

Several institutional investors have recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Stride during the 4th quarter valued at approximately $37,000. Mendota Financial Group LLC purchased a new stake in shares of Stride during the third quarter worth $86,000. TD Private Client Wealth LLC boosted its holdings in shares of Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock worth $167,000 after acquiring an additional 426 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Stride by 45.3% in the third quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock worth $176,000 after acquiring an additional 643 shares during the period. Finally, Central Pacific Bank Trust Division grew its position in shares of Stride by 24.2% in the third quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company’s stock valued at $184,000 after purchasing an additional 420 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

About Stride

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.