Stride, Inc. (NYSE:LRN) Receives Average Rating of “Moderate Buy” from Brokerages

Stride, Inc. (NYSE:LRN) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $72.00.

A number of analysts recently issued reports on LRN shares. Barrington Research restated an “outperform” rating and set a $75.00 price objective on shares of Stride in a report on Wednesday, April 24th. StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Citigroup upped their price target on Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Morgan Stanley lifted their price objective on Stride from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, BMO Capital Markets upped their price objective on shares of Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, April 25th.

Institutional Trading of Stride

A number of institutional investors have recently added to or reduced their stakes in LRN. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Stride in the fourth quarter worth about $29,000. McIlrath & Eck LLC bought a new position in Stride in the 3rd quarter valued at $31,000. Strs Ohio purchased a new position in shares of Stride during the 4th quarter valued at $47,000. GAMMA Investing LLC bought a new position in shares of Stride in the fourth quarter worth $65,000. Finally, Quadrant Capital Group LLC raised its position in shares of Stride by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock worth $66,000 after buying an additional 483 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Up 0.9 %

Stride stock opened at $72.11 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.21 and a current ratio of 4.29. The stock has a market cap of $3.12 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 0.77 and a beta of 0.26. Stride has a fifty-two week low of $35.61 and a fifty-two week high of $73.01. The firm’s 50-day simple moving average is $62.36 and its 200 day simple moving average is $59.83.

Stride (NYSE:LRN) last released its earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.13. The company had revenue of $520.84 million during the quarter, compared to analyst estimates of $507.89 million. Stride had a return on equity of 18.29% and a net margin of 9.29%. Stride’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 earnings per share. Research analysts predict that Stride will post 4.55 EPS for the current fiscal year.

About Stride

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.