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

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

A number of research analysts have issued reports on the stock. William Blair restated an “outperform” rating on shares of Stride in a research note on Monday, June 15th. Barrington Research restated an “outperform” rating and set a $125.00 price target on shares of Stride in a research note on Thursday, April 16th. BMO Capital Markets restated a “market perform” rating on shares of Stride in a research note on Monday, June 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Stride in a research note on Friday, April 10th.

Stride Trading Up 0.3%

Shares of Stride stock opened at $83.05 on Monday. The company has a current ratio of 6.21, a quick ratio of 6.14 and a debt-to-equity ratio of 0.29. Stride has a 12-month low of $60.61 and a 12-month high of $171.17. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.50 and a beta of 0.10. The firm’s 50 day simple moving average is $92.88 and its two-hundred day simple moving average is $82.84.

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

Institutional Trading of Stride

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Stride by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 4,883,571 shares of the company’s stock valued at $317,090,000 after acquiring an additional 340,838 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Stride by 61.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,277,279 shares of the company’s stock valued at $200,799,000 after acquiring an additional 862,849 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Stride by 1.3% in the 3rd quarter. Invesco Ltd. now owns 1,805,508 shares of the company’s stock valued at $268,912,000 after acquiring an additional 23,488 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Stride by 5.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,750,646 shares of the company’s stock valued at $154,339,000 after acquiring an additional 90,851 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Stride by 98.1% in the 4th quarter. Morgan Stanley now owns 1,631,570 shares of the company’s stock valued at $105,938,000 after acquiring an additional 808,141 shares during the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

About Stride

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.