Stride, Inc. (NYSE:LRN) Given Average Rating of “Hold” by Analysts

Shares of Stride, Inc. (NYSE:LRN) have been given an average recommendation of “Hold” by the six analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $109.75.

A number of brokerages recently weighed in on LRN. Wall Street Zen downgraded shares of Stride from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Canaccord Genuity Group restated a “buy” rating and set a $125.00 price objective on shares of Stride in a research report on Wednesday, January 28th. BMO Capital Markets restated a “market perform” rating on shares of Stride in a research report on Tuesday, March 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Stride in a research report on Friday, April 10th. Finally, Barrington Research restated an “outperform” rating and set a $125.00 price objective on shares of Stride in a research report on Thursday, April 16th.

Stride Trading Up 1.9%

NYSE:LRN opened at $91.22 on Thursday. The company’s 50 day moving average price is $90.96 and its 200-day moving average price is $79.43. Stride has a 52 week low of $60.61 and a 52 week high of $171.17. The company has a quick ratio of 6.14, a current ratio of 6.21 and a debt-to-equity ratio of 0.29. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 0.54 and a beta of 0.13.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.09. The company had revenue of $629.87 million for the quarter, compared to the consensus estimate of $629.69 million. Stride had a net margin of 12.15% and a return on equity of 25.20%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.02 earnings per share. On average, equities research analysts forecast that Stride will post 8.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GW&K Investment Management LLC bought a new stake in shares of Stride during the 3rd quarter valued at $17,277,000. Divisadero Street Capital Management LP bought a new stake in shares of Stride during the 3rd quarter valued at $55,852,000. William Blair Investment Management LLC raised its position in shares of Stride by 37.2% during the 3rd quarter. William Blair Investment Management LLC now owns 1,511,080 shares of the company’s stock valued at $225,060,000 after purchasing an additional 410,029 shares during the period. Cat Rock Capital Management LP raised its position in shares of Stride by 22.8% during the 3rd quarter. Cat Rock Capital Management LP now owns 203,614 shares of the company’s stock valued at $30,326,000 after purchasing an additional 37,761 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Stride by 176.5% during the 3rd quarter. Federated Hermes Inc. now owns 19,961 shares of the company’s stock valued at $2,973,000 after purchasing an additional 12,743 shares during the period. Institutional investors own 98.24% of the company’s stock.

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.