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

Shares of Stride, Inc. (NYSE:LRN) have been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $102.50.

Several research analysts have recently commented on LRN shares. StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Canaccord Genuity Group upped their target price on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barrington Research upped their target price on Stride from $100.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Citigroup upped their target price on Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th.

Stride Stock Up 0.8 %

LRN stock opened at $113.90 on Monday. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $4.96 billion, a PE ratio of 20.71, a PEG ratio of 0.84 and a beta of 0.32. Stride has a twelve month low of $54.81 and a twelve month high of $115.42. The stock has a 50-day simple moving average of $106.47 and a two-hundred day simple moving average of $88.52.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.22 by $0.72. Stride had a return on equity of 21.23% and a net margin of 11.38%. The company had revenue of $551.08 million during the quarter, compared to analyst estimates of $504.29 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Stride’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts predict that Stride will post 6.64 EPS for the current fiscal year.

Insider Buying and Selling at Stride

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the completion of the sale, the director now owns 85,058 shares in the company, valued at approximately $7,786,209.32. The trade was a 8.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Stride

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. grew its stake in Stride by 3.9% in the third quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock worth $274,000 after purchasing an additional 121 shares during the period. Dakota Wealth Management grew its stake in Stride by 4.1% in the fourth quarter. Dakota Wealth Management now owns 3,070 shares of the company’s stock worth $319,000 after purchasing an additional 121 shares during the period. Arizona State Retirement System grew its stake in Stride by 1.9% in the second quarter. Arizona State Retirement System now owns 11,536 shares of the company’s stock worth $813,000 after purchasing an additional 220 shares during the period. Amalgamated Bank grew its stake in Stride by 1.9% in the third quarter. Amalgamated Bank now owns 12,528 shares of the company’s stock worth $1,069,000 after purchasing an additional 235 shares during the period. Finally, Sei Investments Co. grew its stake in Stride by 0.6% in the second quarter. Sei Investments Co. now owns 40,210 shares of the company’s stock worth $2,834,000 after purchasing an additional 242 shares during the period. Institutional investors own 98.24% of the company’s stock.

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.