Stride (NYSE:LRN) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Stride (NYSE:LRNFree Report) from a hold rating to a buy rating in a research note published on Tuesday.

A number of other brokerages also recently weighed in on LRN. BMO Capital Markets increased their price target on shares of Stride from $71.00 to $72.00 and gave the company an outperform rating in a report on Thursday, January 25th. Citigroup increased their price objective on shares of Stride from $70.00 to $75.00 and gave the company a buy rating in a research note on Monday, January 29th. Barrington Research increased their price objective on shares of Stride from $70.00 to $75.00 and gave the company an outperform rating in a research note on Wednesday, January 24th. Wedbush restated an outperform rating on shares of Stride in a research note on Wednesday, January 24th. Finally, Morgan Stanley increased their price objective on shares of Stride from $60.00 to $65.00 and gave the company an equal weight rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $71.75.

View Our Latest Stock Analysis on LRN

Stride Price Performance

NYSE LRN opened at $61.64 on Tuesday. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.43. Stride has a 1 year low of $35.61 and a 1 year high of $69.70. The company has a fifty day simple moving average of $60.54 and a 200 day simple moving average of $56.74. The company has a market cap of $2.67 billion, a P/E ratio of 15.57, a P/E/G ratio of 0.73 and a beta of 0.26.

Stride (NYSE:LRNGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.23. Stride had a net margin of 8.80% and a return on equity of 17.77%. The firm had revenue of $504.87 million during the quarter, compared to the consensus estimate of $498.05 million. During the same period in the prior year, the firm earned $1.19 EPS. The business’s revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts predict that Stride will post 4.31 EPS for the current year.

Institutional Investors Weigh In On Stride

A number of hedge funds have recently made changes to their positions in LRN. Advisor Group Holdings Inc. increased its position in shares of Stride by 40.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,050 shares of the company’s stock worth $120,000 after purchasing an additional 591 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Stride by 26.2% during the 1st quarter. JPMorgan Chase & Co. now owns 228,997 shares of the company’s stock worth $8,321,000 after purchasing an additional 47,583 shares in the last quarter. Raymond James & Associates increased its position in shares of Stride by 9.2% during the 1st quarter. Raymond James & Associates now owns 9,637 shares of the company’s stock worth $350,000 after purchasing an additional 814 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Stride by 14.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,445 shares of the company’s stock worth $198,000 after purchasing an additional 700 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of Stride by 52.5% during the 1st quarter. MetLife Investment Management LLC now owns 23,353 shares of the company’s stock worth $848,000 after purchasing an additional 8,035 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

About Stride

(Get Free Report)

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.

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Analyst Recommendations for Stride (NYSE:LRN)

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