Stride, Inc. (NYSE:LRN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Stride, Inc. (NYSE:LRN) have received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $116.83.

A number of research analysts have recently commented on LRN shares. BMO Capital Markets increased their target price on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley increased their target price on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Barrington Research increased their target price on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Citigroup raised their price objective on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in Stride during the 4th quarter worth approximately $37,000. CIBC Private Wealth Group LLC raised its holdings in Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock worth $42,000 after purchasing an additional 178 shares during the last quarter. Covestor Ltd raised its holdings in Stride by 51.6% during the 4th quarter. Covestor Ltd now owns 632 shares of the company’s stock worth $66,000 after purchasing an additional 215 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in Stride during the 4th quarter worth approximately $77,000. Finally, Smartleaf Asset Management LLC raised its holdings in Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after purchasing an additional 592 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

Stride Trading Down 0.8 %

Shares of Stride stock opened at $139.37 on Friday. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 1.04 and a beta of 0.32. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. Stride has a 12-month low of $54.81 and a 12-month high of $145.00. The firm’s 50-day moving average price is $116.17 and its two-hundred day moving average price is $96.55.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. On average, analysts forecast 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.