Barrington Research Increases Stride (NYSE:LRN) Price Target to $90.00

Stride (NYSE:LRN) had its price objective upped by Barrington Research from $85.00 to $90.00 in a report issued on Thursday morning, Benzinga reports. Barrington Research currently has an outperform rating on the stock. Barrington Research also issued estimates for Stride’s Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $1.64 EPS, Q3 2025 earnings at $1.73 EPS, Q4 2025 earnings at $1.48 EPS, FY2025 earnings at $5.05 EPS and FY2026 earnings at $5.75 EPS.

Several other brokerages also recently weighed in on LRN. Canaccord Genuity Group initiated coverage on shares of Stride in a research report on Thursday. They issued a buy rating and a $94.00 price objective on the stock. Canaccord Genuity Group assumed coverage on shares of Stride in a report on Thursday. They issued a buy rating and a $94.00 price objective for the company. StockNews.com cut shares of Stride from a buy rating to a hold rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets increased their price objective on shares of Stride from $79.00 to $82.00 and gave the company an outperform rating in a report on Thursday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $83.33.

Stride Stock Performance

LRN traded down $1.35 during trading hours on Thursday, hitting $80.64. 77,433 shares of the stock were exchanged, compared to its average volume of 708,597. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 0.74 and a beta of 0.28. The stock has a 50-day simple moving average of $70.50 and a 200-day simple moving average of $65.72. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.21. Stride has a 12 month low of $38.15 and a 12 month high of $82.40.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.15. The business had revenue of $534.18 million during the quarter, compared to the consensus estimate of $525.89 million. Stride had a net margin of 9.29% and a return on equity of 18.29%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 EPS. Analysts anticipate that Stride will post 4.55 earnings per share for the current year.

Institutional Trading of Stride

Several institutional investors and hedge funds have recently bought and sold shares of LRN. William Blair Investment Management LLC purchased a new stake in shares of Stride during the first quarter worth $111,377,000. Swedbank AB acquired a new stake in shares of Stride during the 1st quarter valued at about $60,385,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Stride in the 2nd quarter valued at approximately $43,387,000. Victory Capital Management Inc. increased its holdings in Stride by 1,443.6% in the second quarter. Victory Capital Management Inc. now owns 479,941 shares of the company’s stock worth $33,836,000 after buying an additional 448,849 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Stride by 641.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 508,444 shares of the company’s stock valued at $32,058,000 after acquiring an additional 439,911 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

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.