Stride (NYSE:LRN – Free Report) had its price target raised by BMO Capital Markets from $122.00 to $134.00 in a research report sent to investors on Thursday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.
A number of other brokerages also recently commented on LRN. Citigroup boosted their price objective on Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Morgan Stanley increased their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Barrington Research lifted their price objective on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group lifted their price target on Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.83.
Check Out Our Latest Analysis on Stride
Stride Stock Up 4.8 %
Stride (NYSE:LRN – Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 23.16%. Analysts forecast that Stride will post 6.67 earnings per share for the current fiscal year.
Institutional Trading of Stride
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in Stride during the 2nd quarter worth approximately $534,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Stride during the third quarter worth about $430,000. International Assets Investment Management LLC increased its position in Stride by 8,431.7% in the 3rd quarter. International Assets Investment Management LLC now owns 5,119 shares of the company’s stock valued at $437,000 after acquiring an additional 5,059 shares during the period. Quest Partners LLC raised its stake in Stride by 20,248.8% during the 3rd quarter. Quest Partners LLC now owns 8,343 shares of the company’s stock valued at $712,000 after acquiring an additional 8,302 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in Stride by 24.6% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,000 shares of the company’s stock worth $3,071,000 after acquiring an additional 7,100 shares during the period. Institutional investors and hedge funds 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.
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