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

Stride, Inc. (NYSE:LRN) has been given an average rating of “Moderate Buy” by the five brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $72.00.

A number of equities analysts recently commented on the company. BMO Capital Markets lifted their price target on Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, Barrington Research reissued an “outperform” rating and set a $75.00 target price on shares of Stride in a report on Wednesday, April 24th.

Stride Trading Down 0.0 %

NYSE LRN opened at $68.75 on Thursday. Stride has a 12 month low of $35.61 and a 12 month high of $73.32. The company has a current ratio of 4.29, a quick ratio of 4.21 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average of $69.41 and a 200-day moving average of $63.37. The company has a market cap of $2.97 billion, a PE ratio of 16.14, a PEG ratio of 0.77 and a beta of 0.28.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. The firm had revenue of $520.84 million during the quarter, compared to analysts’ expectations of $507.89 million. Stride had a net margin of 9.29% and a return on equity of 18.29%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 earnings per share. On average, equities research analysts anticipate that Stride will post 4.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Stride

A number of large investors have recently made changes to their positions in LRN. William Blair Investment Management LLC bought a new stake in Stride in the 1st quarter valued at $111,377,000. Swedbank AB bought a new stake in shares of Stride in the first quarter valued at about $60,385,000. Price T Rowe Associates Inc. MD grew its stake in shares of Stride by 641.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 508,444 shares of the company’s stock valued at $32,058,000 after acquiring an additional 439,911 shares in the last quarter. Norges Bank bought a new position in Stride during the fourth quarter worth about $25,594,000. Finally, Russell Investments Group Ltd. raised its stake in Stride by 147.8% in the 4th quarter. Russell Investments Group Ltd. now owns 312,044 shares of the company’s stock worth $18,526,000 after purchasing an additional 186,099 shares in the last quarter. 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.