Stride, Inc. (NYSE:LRN) Receives $126.83 Average Price Target from Analysts

Shares of Stride, Inc. (NYSE:LRN) have earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $126.83.

Several equities analysts have commented on LRN shares. Canaccord Genuity Group raised their price objective on Stride from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, April 28th. William Blair reissued an “outperform” rating on shares of Stride in a research note on Wednesday, April 30th. Wall Street Zen cut shares of Stride from a “buy” rating to a “hold” rating in a report on Friday, May 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Stride in a research note on Thursday, May 1st. Finally, Barrington Research lifted their target price on shares of Stride from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th.

Stride Stock Performance

Stride stock opened at $143.06 on Thursday. The firm has a fifty day simple moving average of $146.04 and a two-hundred day simple moving average of $129.76. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. Stride has a twelve month low of $63.25 and a twelve month high of $162.30. The company has a market capitalization of $6.23 billion, a PE ratio of 23.88, a P/E/G ratio of 1.04 and a beta of 0.35.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.07). Stride had a return on equity of 22.42% and a net margin of 12.30%. The firm had revenue of $613.38 million during the quarter, compared to the consensus estimate of $591.15 million. During the same period last year, the business earned $1.60 EPS. Stride’s revenue was up 17.8% on a year-over-year basis. Research analysts expect that Stride will post 6.67 EPS for the current year.

Institutional Investors Weigh In On Stride

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Choreo LLC purchased a new position in Stride during the 4th quarter worth $588,000. Empowered Funds LLC purchased a new stake in shares of Stride in the 4th quarter worth $1,683,000. Entropy Technologies LP grew its position in shares of Stride by 47.2% during the 4th quarter. Entropy Technologies LP now owns 7,623 shares of the company’s stock worth $792,000 after buying an additional 2,445 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Stride by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock valued at $2,151,000 after buying an additional 100 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Stride by 61.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company’s stock valued at $20,250,000 after buying an additional 72,518 shares during the period. Institutional investors own 98.24% of the company’s stock.

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.