Stride (NYSE:LRN) Sets New 1-Year High at $73.54

Stride, Inc. (NYSE:LRN)’s share price hit a new 52-week high on Wednesday . The company traded as high as $73.54 and last traded at $72.22, with a volume of 61263 shares. The stock had previously closed at $72.24.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Barrington Research reiterated an “outperform” rating and set a $75.00 price target on shares of Stride in a research report on Wednesday, April 24th. Finally, StockNews.com upgraded Stride from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Stride presently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Stride Price Performance

The firm has a market capitalization of $3.08 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 0.70 and a beta of 0.28. The business has a fifty day moving average of $69.40 and a 200-day moving average of $63.94. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.21 and a current ratio of 4.29.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.13. The business had revenue of $520.84 million during the quarter, compared to analyst estimates of $507.89 million. Stride had a return on equity of 18.29% and a net margin of 9.29%. Stride’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $1.30 earnings per share. On average, sell-side analysts forecast that Stride, Inc. will post 4.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Stride

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Stride by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,969,506 shares of the company’s stock worth $223,777,000 after buying an additional 28,661 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Stride during the first quarter worth about $111,377,000. Janus Henderson Group PLC grew its position in Stride by 2.7% during the first quarter. Janus Henderson Group PLC now owns 1,154,995 shares of the company’s stock worth $72,821,000 after buying an additional 30,854 shares in the last quarter. Swedbank AB acquired a new stake in Stride during the first quarter worth about $60,385,000. Finally, Price T Rowe Associates Inc. MD grew 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 worth $32,058,000 after buying an additional 439,911 shares in the last quarter. 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.