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

Stride, Inc. (NYSE:LRN) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $116.83.

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

Institutional Investors Weigh In On Stride

A number of hedge funds have recently made changes to their positions in LRN. R Squared Ltd bought a new stake in Stride in the 4th quarter valued at about $37,000. Point72 Hong Kong Ltd bought a new stake in Stride in the 4th quarter valued at about $41,000. CIBC Private Wealth Group LLC raised its stake in Stride by 85.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock valued at $42,000 after acquiring an additional 178 shares during the period. Covestor Ltd raised its stake in Stride by 51.6% in the 4th quarter. Covestor Ltd now owns 632 shares of the company’s stock valued at $66,000 after acquiring an additional 215 shares during the period. Finally, Gen Wealth Partners Inc bought a new stake in Stride in the 4th quarter valued at about $75,000. 98.24% of the stock is currently owned by institutional investors.

Stride Stock Performance

NYSE LRN opened at $139.37 on Tuesday. The company has a fifty day simple moving average of $122.83 and a 200 day simple moving average of $101.49. Stride has a 12-month low of $56.17 and a 12-month high of $145.00. 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 company has a market cap of $6.07 billion, a P/E ratio of 23.27, a PEG ratio of 1.04 and a beta of 0.32.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share 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%. Sell-side analysts predict that Stride will post 6.67 earnings per share for the current fiscal 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.