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

Stride, Inc. (NYSE:LRN) has been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $97.50.

LRN has been the subject of a number of research analyst reports. BMO Capital Markets upped their target price on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Morgan Stanley lifted their target price on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Barrington Research upped their price target on Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group lifted their price objective on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup increased their target price on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

Insider Buying and Selling at Stride

In other news, Director Todd Goldthwaite sold 8,028 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.54, for a total transaction of $734,883.12. Following the transaction, the director now directly owns 85,058 shares in the company, valued at $7,786,209.32. The trade was a 8.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Stride

A number of hedge funds and other institutional investors have recently bought and sold shares of LRN. Sanctuary Advisors LLC acquired a new position in shares of Stride in the second quarter valued at $534,000. International Assets Investment Management LLC raised its holdings in Stride by 8,431.7% in the 3rd quarter. International Assets Investment Management LLC now owns 5,119 shares of the company’s stock valued at $437,000 after acquiring an additional 5,059 shares during the period. Quest Partners LLC lifted its position in Stride by 20,248.8% during the third quarter. Quest Partners LLC now owns 8,343 shares of the company’s stock worth $712,000 after acquiring an additional 8,302 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Stride by 24.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,000 shares of the company’s stock worth $3,071,000 after acquiring an additional 7,100 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Stride by 634.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 117,913 shares of the company’s stock valued at $10,059,000 after purchasing an additional 101,869 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

Stride Stock Down 2.1 %

Shares of NYSE:LRN opened at $105.29 on Thursday. Stride has a 52 week low of $54.81 and a 52 week high of $112.80. The company has a market capitalization of $4.59 billion, a PE ratio of 19.14, a PEG ratio of 0.80 and a beta of 0.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. The company has a 50 day moving average price of $95.26 and a two-hundred day moving average price of $82.56.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.72. Stride had a return on equity of 21.23% and a net margin of 11.38%. The company had revenue of $551.08 million during the quarter, compared to the consensus estimate of $504.29 million. During the same period in the prior year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts forecast that Stride will post 6.66 earnings per share for the current year.

Stride Company Profile

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.