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

Shares of Stride, Inc. (NYSE:LRN) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $97.50.

LRN has been the topic of a number of research reports. Canaccord Genuity Group upped their target price on Stride from $94.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Morgan Stanley upped 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. Barrington Research lifted their target price on shares of Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Citigroup upped their price target on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.

Insiders Place Their Bets

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the company’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 transaction of $734,883.12. Following the completion of the sale, the director now owns 85,058 shares of the company’s stock, valued at $7,786,209.32. This represents a 8.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Stride

A number of institutional investors and hedge funds have recently modified their holdings of LRN. William Blair Investment Management LLC boosted its holdings in Stride by 20.1% during the second quarter. William Blair Investment Management LLC now owns 2,122,102 shares of the company’s stock valued at $149,608,000 after acquiring an additional 355,614 shares during the period. Janus Henderson Group PLC lifted its position in shares of Stride by 1.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company’s stock worth $99,851,000 after purchasing an additional 13,050 shares during the last quarter. Geode Capital Management LLC boosted its stake in Stride by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock valued at $82,315,000 after purchasing an additional 35,349 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in Stride by 51.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock valued at $79,326,000 after buying an additional 314,435 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Stride by 72.4% in the 3rd quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock worth $70,594,000 after buying an additional 347,564 shares during the period. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Trading Up 0.7 %

Stride stock opened at $105.48 on Thursday. Stride has a 52 week low of $54.81 and a 52 week high of $112.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 0.80 and a beta of 0.30. The company has a 50 day moving average price of $99.39 and a 200 day moving average price of $84.00.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.22 by $0.72. The business had revenue of $551.08 million during the quarter, compared to analysts’ expectations of $504.29 million. Stride had a return on equity of 21.23% and a net margin of 11.38%. Stride’s revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. Research analysts forecast that Stride will post 6.64 EPS for the current 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.