Stride (NYSE:LRN) Hits New 12-Month High at $74.17

Shares of Stride, Inc. (NYSE:LRN) hit a new 52-week high during trading on Friday . The stock traded as high as $74.17 and last traded at $74.06, with a volume of 13289 shares traded. The stock had previously closed at $71.71.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Stride in a report on Wednesday, April 24th. BMO Capital Markets increased their price objective on Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, StockNews.com upgraded Stride from a “hold” rating to a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Stride Stock Up 3.5 %

The business has a 50 day moving average of $69.28 and a two-hundred day moving average of $64.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.21 and a current ratio of 4.29. The stock has a market capitalization of $3.21 billion, a PE ratio of 16.83, a PEG ratio of 0.71 and a beta of 0.28.

Stride (NYSE:LRN) last released its earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share (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 analyst estimates of $507.89 million. Stride had a return on equity of 18.29% and a net margin of 9.29%. Stride’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $1.30 earnings per share. Analysts predict that Stride, Inc. will post 4.55 EPS for the current year.

Institutional Investors Weigh In On Stride

A number of large investors have recently bought and sold shares of LRN. McGlone Suttner Wealth Management Inc. purchased a new position in Stride in the fourth quarter valued at about $29,000. Strs Ohio acquired a new position in Stride in the fourth quarter valued at approximately $47,000. GAMMA Investing LLC bought a new stake in shares of Stride during the fourth quarter valued at approximately $65,000. Quadrant Capital Group LLC raised its holdings in Stride by 76.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock worth $66,000 after purchasing an additional 483 shares in the last quarter. Finally, Motco bought a new position in shares of Stride in the first quarter valued at $74,000. Institutional investors and hedge funds 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.