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

Stride, Inc. (NYSE:LRN) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $116.83.

LRN has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. BMO Capital Markets upped their price objective on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Barrington Research upped their price target on Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Citigroup raised their price objective on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th.

Hedge Funds Weigh In On Stride

Hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of Stride in the fourth quarter valued at approximately $37,000. Smartleaf Asset Management LLC raised its position in Stride by 372.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock valued at $79,000 after buying an additional 592 shares during the last quarter. Mendota Financial Group LLC purchased a new stake in Stride in the 3rd quarter valued at $86,000. SBI Securities Co. Ltd. bought a new position in Stride during the 4th quarter valued at $165,000. Finally, TD Private Client Wealth LLC boosted its holdings in Stride by 27.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock worth $167,000 after acquiring an additional 426 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Stock Performance

Shares of LRN opened at $139.34 on Friday. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $113.03 and its two-hundred day simple moving average is $94.15. Stride has a 12 month low of $54.81 and a 12 month high of $140.50. The stock has a market capitalization of $6.07 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 1.01 and a beta of 0.32.

Stride (NYSE:LRN) last released its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. As a group, analysts predict that Stride will post 6.67 EPS for the current year.

About Stride

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.