Stride (NYSE:LRN) Given Outperform Rating at Barrington Research

Stride (NYSE:LRN)‘s stock had its “outperform” rating restated by investment analysts at Barrington Research in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $185.00 target price on the stock. Barrington Research’s target price points to a potential upside of 30.53% from the stock’s previous close.

Several other research firms also recently commented on LRN. Morgan Stanley raised their price target on shares of Stride from $148.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Stride from a “hold” rating to a “buy” rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Stride has an average rating of “Moderate Buy” and a consensus target price of $146.40.

Stride Stock Performance

LRN stock traded down $2.34 during midday trading on Tuesday, reaching $141.73. 132,254 shares of the company’s stock traded hands, compared to its average volume of 776,370. Stride has a 52-week low of $63.25 and a 52-week high of $171.17. The stock has a market cap of $6.18 billion, a P/E ratio of 23.54, a PEG ratio of 0.83 and a beta of 0.22. The company has a current ratio of 5.39, a quick ratio of 5.27 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average is $148.64 and its 200 day moving average is $142.85.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.46. Stride had a net margin of 11.97% and a return on equity of 25.51%. The firm had revenue of $653.65 million during the quarter, compared to analysts’ expectations of $626.23 million. During the same period in the prior year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. As a group, analysts anticipate that Stride will post 6.67 EPS for the current year.

Insider Activity at Stride

In related news, CEO James Jeaho Rhyu sold 13,961 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total value of $2,270,896.26. Following the sale, the chief executive officer directly owned 706,353 shares in the company, valued at $114,895,378.98. The trade was a 1.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. purchased a new position in shares of Stride during the 2nd quarter valued at approximately $25,000. Larson Financial Group LLC increased its position in Stride by 333.3% in the first quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock worth $26,000 after buying an additional 160 shares during the period. Penserra Capital Management LLC acquired a new stake in Stride in the second quarter worth $27,000. Northwestern Mutual Wealth Management Co. increased its position in Stride by 78.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after buying an additional 85 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Stride in the second quarter worth $30,000. 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.