Stride, Inc. (NYSE:LRN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Stride, Inc. (NYSE:LRN) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $116.83.

Several equities research analysts recently commented on LRN shares. Morgan Stanley raised their target price on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Barrington Research lifted their price objective on Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. BMO Capital Markets lifted their price objective on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Canaccord Genuity Group lifted their price objective on Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, January 27th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Creative Planning raised its holdings in shares of Stride by 42.2% in the 3rd quarter. Creative Planning now owns 4,653 shares of the company’s stock worth $397,000 after purchasing an additional 1,380 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Stride in the 3rd quarter worth approximately $210,000. International Assets Investment Management LLC raised its holdings in shares of Stride by 8,431.7% in the 3rd quarter. International Assets Investment Management LLC now owns 5,119 shares of the company’s stock worth $437,000 after purchasing an additional 5,059 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Stride by 1.6% in the 3rd quarter. New York State Teachers Retirement System now owns 22,523 shares of the company’s stock worth $1,921,000 after purchasing an additional 344 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Stride by 1,220.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,498 shares of the company’s stock worth $298,000 after purchasing an additional 3,233 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Stock Performance

Shares of NYSE:LRN opened at $120.74 on Tuesday. The company has a market cap of $5.26 billion, a P/E ratio of 20.16, a PEG ratio of 1.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. Stride has a one year low of $56.17 and a one year high of $145.00. The business’s 50-day simple moving average is $125.87 and its 200 day simple moving average is $103.39.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating 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%. On average, sell-side analysts forecast that Stride will post 6.67 earnings per share for the current fiscal year.

Stride Company Profile

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.