Stride (NYSE:LRN) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Stride (NYSE:LRN) from a buy rating to a hold rating in a research report released on Monday.

A number of other research firms also recently issued reports on LRN. Wedbush restated an outperform rating on shares of Stride in a research report on Wednesday, January 24th. Citigroup boosted their price objective on Stride from $70.00 to $75.00 and gave the stock a buy rating in a research report on Monday, January 29th. BMO Capital Markets increased their price objective on Stride from $71.00 to $72.00 and gave the stock an outperform rating in a report on Thursday, January 25th. Morgan Stanley lifted their target price on Stride from $60.00 to $65.00 and gave the company an equal weight rating in a research note on Wednesday, January 24th. Finally, Barrington Research increased their price target on Stride from $70.00 to $75.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $71.75.

Stride Trading Up 0.1 %

NYSE LRN opened at $63.30 on Monday. Stride has a 12 month low of $35.61 and a 12 month high of $69.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.52 and a quick ratio of 4.44. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 0.74 and a beta of 0.25. The company’s fifty day moving average price is $60.47 and its two-hundred day moving average price is $56.14.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.23. Stride had a net margin of 8.80% and a return on equity of 17.77%. The company had revenue of $504.87 million for the quarter, compared to the consensus estimate of $498.05 million. During the same period last year, the firm posted $1.19 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, research analysts predict that Stride will post 4.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stride

Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in Stride by 89.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 118,047 shares of the company’s stock worth $5,316,000 after buying an additional 55,641 shares during the period. Weil Company Inc. increased its position in shares of Stride by 38.1% in the third quarter. Weil Company Inc. now owns 48,315 shares of the company’s stock worth $2,176,000 after acquiring an additional 13,324 shares in the last quarter. South Street Advisors LLC raised its holdings in shares of Stride by 5.2% during the second quarter. South Street Advisors LLC now owns 84,192 shares of the company’s stock valued at $3,134,000 after acquiring an additional 4,171 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Stride by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 531,030 shares of the company’s stock valued at $23,912,000 after acquiring an additional 8,754 shares in the last quarter. Finally, Teza Capital Management LLC acquired a new position in Stride in the 3rd quarter worth approximately $221,000. 98.24% of the stock is owned by institutional investors and hedge funds.

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.