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

Stride, Inc. (NYSE:LRN) has earned an average recommendation of “Moderate Buy” from the five analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $71.75.

Several research firms recently weighed in on LRN. BMO Capital Markets upped their price objective on shares of Stride from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Wedbush reaffirmed an “outperform” rating on shares of Stride in a research report on Wednesday, January 24th. Barrington Research increased their target price on shares of Stride from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. StockNews.com raised shares of Stride from a “hold” rating to a “buy” rating in a report on Tuesday, April 2nd. Finally, Citigroup increased their target price on shares of Stride from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, January 29th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LRN. Advisor Group Holdings Inc. increased its stake in shares of Stride by 40.5% in the first quarter. Advisor Group Holdings Inc. now owns 2,050 shares of the company’s stock valued at $120,000 after buying an additional 591 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Stride by 26.2% in the first quarter. JPMorgan Chase & Co. now owns 228,997 shares of the company’s stock valued at $8,321,000 after buying an additional 47,583 shares during the period. Raymond James & Associates increased its stake in shares of Stride by 9.2% in the first quarter. Raymond James & Associates now owns 9,637 shares of the company’s stock valued at $350,000 after buying an additional 814 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Stride by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,445 shares of the company’s stock valued at $198,000 after buying an additional 700 shares during the period. Finally, MetLife Investment Management LLC increased its stake in shares of Stride by 52.5% in the first quarter. MetLife Investment Management LLC now owns 23,353 shares of the company’s stock valued at $848,000 after buying an additional 8,035 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Trading Down 1.5 %

Shares of Stride stock opened at $59.14 on Friday. Stride has a 52-week low of $35.61 and a 52-week high of $69.70. The firm has a 50-day moving average of $60.61 and a 200-day moving average of $57.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.44 and a current ratio of 4.52. The stock has a market cap of $2.56 billion, a PE ratio of 14.93, a PEG ratio of 0.70 and a beta of 0.26.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.23. Stride had a net margin of 8.80% and a return on equity of 17.77%. The business had revenue of $504.87 million during the quarter, compared to analysts’ expectations of $498.05 million. During the same quarter in the prior year, the business posted $1.19 earnings per share. Stride’s revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Stride will post 4.31 EPS for the current year.

Stride Company Profile

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.