Stride (NYSE:LRN) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Stride (NYSE:LRN) from a buy rating to a hold rating in a research report released on Monday.

Other research analysts have also recently issued reports about the company. Barrington Research increased their price target on Stride from $70.00 to $75.00 and gave the company an outperform rating in a research report on Wednesday, January 24th. Morgan Stanley increased their price target on Stride from $60.00 to $65.00 and gave the company an equal weight rating in a research report on Wednesday, January 24th. Citigroup increased their price target on Stride from $70.00 to $75.00 and gave the company a buy rating in a research report on Monday, January 29th. BMO Capital Markets increased their price target on Stride from $71.00 to $72.00 and gave the company an outperform rating in a research report on Thursday, January 25th. Finally, Wedbush reissued an outperform rating on shares of Stride in a research report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $71.75.

Stride Stock Up 0.1 %

NYSE:LRN opened at $63.30 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.44 and a current ratio of 4.52. The company has a market cap of $2.75 billion, a PE ratio of 15.98, a PEG ratio of 0.74 and a beta of 0.25. Stride has a 52-week low of $35.61 and a 52-week high of $69.70. The stock has a 50-day simple moving average of $60.47 and a 200 day simple moving average of $56.14.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.23. The business had revenue of $504.87 million during the quarter, compared to the consensus estimate of $498.05 million. Stride had a return on equity of 17.77% and a net margin of 8.80%. Stride’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company earned $1.19 earnings per share. On average, sell-side analysts expect that Stride will post 4.31 EPS for the current fiscal year.

Institutional Trading of Stride

Several hedge funds have recently added to or reduced their stakes in LRN. Advisor Group Holdings Inc. lifted its holdings in Stride by 40.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,050 shares of the company’s stock worth $120,000 after purchasing an additional 591 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Stride by 26.2% during the 1st quarter. JPMorgan Chase & Co. now owns 228,997 shares of the company’s stock worth $8,321,000 after acquiring an additional 47,583 shares during the period. Raymond James & Associates increased its stake in Stride by 9.2% during the 1st quarter. Raymond James & Associates now owns 9,637 shares of the company’s stock worth $350,000 after acquiring an additional 814 shares during the period. PNC Financial Services Group Inc. increased its stake in Stride by 14.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,445 shares of the company’s stock worth $198,000 after acquiring an additional 700 shares during the period. Finally, MetLife Investment Management LLC increased its stake in Stride by 52.5% during the 1st quarter. MetLife Investment Management LLC now owns 23,353 shares of the company’s stock worth $848,000 after acquiring an additional 8,035 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.