Stride, Inc. (NYSE:LRN) Receives Consensus Rating of “Moderate Buy” from Analysts

Stride, Inc. (NYSE:LRN) has been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $71.75.

Several equities research analysts recently issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $75.00 price target on shares of Stride in a research report on Wednesday. StockNews.com raised Stride from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. Morgan Stanley upped their price target on shares of Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Wedbush restated an “outperform” rating on shares of Stride in a report on Wednesday, January 24th. Finally, BMO Capital Markets raised their price objective on shares of Stride from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th.

Institutional Trading of Stride

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. grew its stake in shares of Stride by 40.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,050 shares of the company’s stock worth $120,000 after buying an additional 591 shares in the last quarter. JPMorgan Chase & Co. grew its position in Stride by 26.2% in the 1st quarter. JPMorgan Chase & Co. now owns 228,997 shares of the company’s stock valued at $8,321,000 after acquiring an additional 47,583 shares during the last quarter. Raymond James & Associates increased its stake in Stride by 9.2% in the 1st quarter. Raymond James & Associates now owns 9,637 shares of the company’s stock worth $350,000 after buying an additional 814 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Stride by 14.8% during the first quarter. PNC Financial Services Group Inc. now owns 5,445 shares of the company’s stock valued at $198,000 after acquiring an additional 700 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Stride by 52.5% in the 1st quarter. MetLife Investment Management LLC now owns 23,353 shares of the company’s stock worth $848,000 after buying an additional 8,035 shares during the period. Institutional investors own 98.24% of the company’s stock.

Stride Trading Down 0.7 %

Shares of LRN opened at $57.57 on Friday. Stride has a 52-week low of $35.61 and a 52-week high of $69.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.44 and a current ratio of 4.52. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 0.68 and a beta of 0.26. The business’s fifty day moving average is $60.56 and its 200-day moving average is $57.81.

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

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.