Stride (NYSE:LRN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Stride (NYSE:LRN) had its price objective hoisted by equities researchers at BMO Capital Markets from $134.00 to $139.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 10.01% from the stock’s previous close.

Several other equities analysts also recently issued reports on LRN. Barrington Research reiterated an “outperform” rating and set a $140.00 price target on shares of Stride in a report on Friday, March 14th. Canaccord Genuity Group raised their target price on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley upped their price target on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Stride has an average rating of “Moderate Buy” and a consensus target price of $120.17.

Stride Stock Performance

Shares of NYSE:LRN opened at $126.36 on Tuesday. Stride has a 1 year low of $56.17 and a 1 year high of $145.00. The company’s 50 day simple moving average is $130.40 and its 200 day simple moving average is $108.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. As a group, research analysts predict that Stride will post 6.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Stride

Several large investors have recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in shares of Stride during the 4th quarter worth approximately $37,000. Point72 Hong Kong Ltd acquired a new stake in Stride in the fourth quarter worth $41,000. CIBC Private Wealth Group LLC raised its holdings in shares of Stride by 85.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock valued at $42,000 after purchasing an additional 178 shares during the period. Covestor Ltd boosted its position in shares of Stride by 51.6% during the 4th quarter. Covestor Ltd now owns 632 shares of the company’s stock worth $66,000 after purchasing an additional 215 shares in the last quarter. Finally, Gen Wealth Partners Inc bought a new stake in Stride in the 4th quarter valued at about $75,000. 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.