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

Stride, Inc. (NYSE:LRN) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $116.83.

A number of research analysts have recently weighed in on LRN shares. BMO Capital Markets increased their target price on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Citigroup increased their price objective on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Barrington Research increased 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, Morgan Stanley boosted their price objective on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th.

Stride Stock Up 0.6 %

LRN stock opened at $139.34 on Friday. The stock has a market cap of $6.07 billion, a P/E ratio of 23.26, a P/E/G ratio of 1.01 and a beta of 0.32. 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 stock’s fifty day simple moving average is $113.03 and its two-hundred day simple moving average is $94.15. Stride has a 1-year low of $54.81 and a 1-year high of $140.50.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. Analysts expect that Stride will post 6.67 EPS for the current year.

Institutional Trading of Stride

Institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its holdings in Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock valued at $90,024,000 after buying an additional 645,835 shares in the last quarter. Congress Asset Management Co. purchased a new position in Stride during the third quarter valued at approximately $45,616,000. Victory Capital Management Inc. grew its stake in Stride by 72.4% during the third quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock valued at $70,594,000 after acquiring an additional 347,564 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Stride by 51.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock worth $79,326,000 after acquiring an additional 314,435 shares during the period. Finally, Loomis Sayles & Co. L P bought a new position in Stride in the 3rd quarter valued at $21,044,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

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.