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

Stride, Inc. (NYSE:LRN) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $120.17.

A number of research firms have issued reports on LRN. BMO Capital Markets boosted their target price on Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a research note on Tuesday. Barrington Research reiterated an “outperform” rating and issued a $140.00 price objective on shares of Stride in a research report on Friday, March 14th. Canaccord Genuity Group raised their target price on shares of Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Finally, Morgan Stanley upped their price target on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th.

Institutional Trading of Stride

A number of hedge funds and other institutional investors have recently made changes to their positions in LRN. Wellington Management Group LLP boosted its holdings in Stride by 120.6% during the fourth quarter. Wellington Management Group LLP now owns 607,581 shares of the company’s stock worth $63,146,000 after purchasing an additional 332,098 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Stride during the 4th quarter worth about $4,650,000. Pacific Point Advisors LLC acquired a new position in shares of Stride during the 4th quarter worth about $208,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Stride by 0.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,985 shares of the company’s stock valued at $10,599,000 after acquiring an additional 383 shares during the last quarter. Finally, Vident Advisory LLC bought a new stake in Stride during the fourth quarter worth about $297,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Stock Performance

Shares of NYSE:LRN opened at $125.57 on Friday. The firm’s 50 day simple moving average is $131.27 and its 200 day simple moving average is $109.09. Stride has a fifty-two week low of $56.17 and a fifty-two week high of $145.00. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, sell-side analysts forecast that Stride will post 6.67 earnings per share for the current 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.