Investment Analysts’ Recent Ratings Updates for Stride (LRN)

Stride (NYSE: LRN) has recently received a number of price target changes and ratings updates:

• 10/29/2024 – Stride had its price target raised by analysts at Citigroup Inc. from $90.00 to $94.00. They now have a “neutral” rating on the stock.
• 10/24/2024 – Stride had its price target raised by analysts at BMO Capital Markets from $84.00 to $88.00. They now have an “outperform” rating on the stock.
• 10/23/2024 – Stride had its price target raised by analysts at Barrington Research from $90.00 to $100.00. They now have an “outperform” rating on the stock.
• 10/23/2024 – Stride was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/23/2024 – Stride had its price target raised by analysts at Canaccord Genuity Group Inc. from $94.00 to $100.00. They now have a “buy” rating on the stock.
• 10/11/2024 – Stride had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $90.00 price target on the stock.
• 9/20/2024 – Stride had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $90.00 price target on the stock.

Stride Price Performance

NYSE:LRN opened at $99.43 on Thursday. The firm’s 50-day simple moving average is $81.68 and its 200 day simple moving average is $75.07. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $99.48. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 0.70 and a beta of 0.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.22 by $0.72. Stride had a net margin of 11.38% and a return on equity of 21.23%. The company had revenue of $551.08 million during the quarter, compared to analysts’ expectations of $504.29 million. During the same period in the previous year, the company earned $0.11 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, sell-side analysts predict that Stride, Inc. will post 6.66 earnings per share for the current year.

Insider Activity

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the completion of the transaction, the director now directly owns 85,058 shares in the company, valued at approximately $7,786,209.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Stride

Several institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. lifted its stake in Stride by 3.9% in the third quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock valued at $274,000 after buying an additional 121 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of Stride by 1.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 20,454 shares of the company’s stock valued at $1,442,000 after acquiring an additional 217 shares during the period. Arizona State Retirement System boosted its stake in Stride by 1.9% during the second quarter. Arizona State Retirement System now owns 11,536 shares of the company’s stock worth $813,000 after acquiring an additional 220 shares in the last quarter. Isthmus Partners LLC boosted its stake in shares of Stride by 4.8% in the 2nd quarter. Isthmus Partners LLC now owns 4,814 shares of the company’s stock worth $339,000 after buying an additional 222 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of Stride by 1.9% during the third quarter. Amalgamated Bank now owns 12,528 shares of the company’s stock valued at $1,069,000 after acquiring an additional 235 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

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.