Stride (NYSE:LRN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Stride (NYSE:LRN) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

Other research analysts also recently issued reports about the stock. BMO Capital Markets increased their target price on shares of Stride from $72.00 to $73.00 and gave the company an outperform rating in a research report on Thursday, April 25th. Barrington Research restated an outperform rating and set a $75.00 price target on shares of Stride in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $72.00.

Stride Stock Up 2.3 %

Stride stock opened at $73.36 on Wednesday. Stride has a twelve month low of $37.51 and a twelve month high of $74.47. The firm has a 50 day moving average price of $69.37 and a 200-day moving average price of $64.53. The company has a market capitalization of $3.17 billion, a P/E ratio of 17.22, a P/E/G ratio of 0.71 and a beta of 0.28. The company has a quick ratio of 4.21, a current ratio of 4.29 and a debt-to-equity ratio of 0.40.

Institutional Trading of Stride

Institutional investors have recently modified their holdings of the business. McGlone Suttner Wealth Management Inc. bought a new position in shares of Stride in the 4th quarter worth $29,000. Strs Ohio bought a new position in shares of Stride during the 4th quarter valued at $47,000. GAMMA Investing LLC bought a new position in shares of Stride during the 4th quarter valued at $65,000. Quadrant Capital Group LLC grew its holdings in Stride by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock worth $66,000 after acquiring an additional 483 shares during the last quarter. Finally, Motco bought a new stake in Stride in the 1st quarter worth $74,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

About Stride

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.