Stride, Inc. (NYSE:LRN) Receives $71.75 Average Price Target from Analysts

Stride, Inc. (NYSE:LRN) has received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $71.75.

Several equities analysts have recently commented on LRN shares. BMO Capital Markets increased their price objective on Stride from $71.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Barrington Research reiterated an “outperform” rating and issued a $75.00 target price on shares of Stride in a research report on Wednesday. Wedbush reiterated an “outperform” rating on shares of Stride in a report on Wednesday, January 24th. Citigroup upped their target price on Stride from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Morgan Stanley raised their price objective on shares of Stride from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th.

Stride Stock Performance

Shares of NYSE LRN opened at $57.57 on Friday. The stock’s fifty day moving average price is $60.56 and its two-hundred day moving average price is $57.81. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 0.68 and a beta of 0.26. Stride has a one year low of $35.61 and a one year high of $69.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.52 and a quick ratio of 4.44.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.23. Stride had a net margin of 8.80% and a return on equity of 17.77%. The business had revenue of $504.87 million for the quarter, compared to analysts’ expectations of $498.05 million. During the same quarter last year, the firm earned $1.19 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities analysts forecast that Stride will post 4.31 EPS for the current year.

Institutional Investors Weigh In On Stride

Several hedge funds and other institutional investors have recently made changes to their positions in LRN. Vanguard Group Inc. boosted its holdings in shares of Stride by 11.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,000,230 shares of the company’s stock worth $210,160,000 after purchasing an additional 506,211 shares during the period. SG Capital Management LLC grew its holdings in Stride by 348.7% during the 3rd quarter. SG Capital Management LLC now owns 563,218 shares of the company’s stock worth $25,362,000 after acquiring an additional 437,685 shares in the last quarter. Norges Bank bought a new position in Stride in the fourth quarter worth approximately $25,594,000. Intrinsic Edge Capital Management LLC bought a new stake in Stride during the first quarter valued at about $10,819,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of Stride by 2,792.8% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 269,894 shares of the company’s stock worth $10,048,000 after buying an additional 260,564 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

About Stride

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.