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

Shares of Stride, Inc. (NYSE:LRN) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $109.75.

A number of research analysts recently issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a report on Monday, June 15th. William Blair reiterated an “outperform” rating on shares of Stride in a research report on Monday, June 15th. Barrington Research reissued an “outperform” rating and set a $125.00 price target on shares of Stride in a research note on Thursday, April 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a report on Wednesday, July 8th.

Hedge Funds Weigh In On Stride

Several hedge funds have recently added to or reduced their stakes in LRN. Vanguard Group Inc. boosted its stake 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 purchasing an additional 340,838 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Stride by 61.0% in the first 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. grew its holdings in Stride by 1.3% during the 3rd quarter. Invesco Ltd. now owns 1,805,508 shares of the company’s stock worth $268,912,000 after acquiring an additional 23,488 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Stride by 5.5% during 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 lifted its stake 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 purchasing an additional 808,141 shares during the period. Institutional investors own 98.24% of the company’s stock.

Stride Stock Down 0.9%

LRN opened at $84.88 on Friday. The company has a market capitalization of $3.61 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.48 and a beta of 0.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.21 and a quick ratio of 6.14. The firm’s fifty day moving average price is $89.91 and its two-hundred day moving average price is $86.45. Stride has a fifty-two week low of $60.61 and a fifty-two week high of $171.17.

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

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.