Stride, Inc. (NYSE:LRN) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Stride, Inc. (NYSE:LRN) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $109.75.

A number of equities research analysts recently weighed in on LRN shares. Barrington Research reaffirmed an “outperform” rating and set a $125.00 price target on shares of Stride in a report on Wednesday, January 28th. BMO Capital Markets reissued a “market perform” rating and issued a $94.00 price objective on shares of Stride in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stride in a research report on Monday, December 29th. Canaccord Genuity Group reiterated a “buy” rating and issued a $125.00 price target on shares of Stride in a research note on Wednesday, January 28th. Finally, Zacks Research lowered Stride from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th.

Stride Stock Up 0.5%

Shares of NYSE:LRN opened at $84.89 on Tuesday. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 0.51 and a beta of 0.10. The company has a 50 day moving average of $72.55 and a two-hundred day moving average of $106.17. Stride has a 52-week low of $60.61 and a 52-week high of $171.17. The company has a quick ratio of 7.19, a current ratio of 7.27 and a debt-to-equity ratio of 0.31.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. bought a new stake in shares of Stride during the second quarter valued at approximately $25,000. Financial Management Professionals Inc. bought a new stake in Stride during the 3rd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in Stride during the 2nd quarter valued at $30,000. Penserra Capital Management LLC bought a new stake in Stride during the 2nd quarter valued at $27,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Stride by 78.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after acquiring an additional 85 shares during the period. 98.24% of the stock is currently owned by institutional investors.

Stride Company Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.