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

Shares of Stride, Inc. (NYSE:LRN) have earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $72.00.

LRN has been the subject of several research reports. Barrington Research reiterated an “outperform” rating and set a $75.00 price target on shares of Stride in a report on Wednesday, April 24th. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, BMO Capital Markets raised their price target 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 Investors Weigh In On Stride

Hedge funds have recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. bought a new position in Stride during the fourth quarter worth $29,000. McIlrath & Eck LLC bought a new position in shares of Stride during the 3rd quarter worth about $31,000. Strs Ohio acquired a new position in shares of Stride during the fourth quarter valued at about $47,000. GAMMA Investing LLC bought a new stake in shares of Stride in the fourth quarter valued at about $65,000. Finally, Quadrant Capital Group LLC grew its position in Stride by 76.7% during 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. 98.24% of the stock is currently owned by institutional investors.

Stride Stock Down 2.1 %

Stride stock opened at $68.99 on Thursday. The firm’s 50 day moving average price is $69.09 and its two-hundred day moving average price is $63.27. The firm has a market cap of $2.98 billion, a PE ratio of 16.19, a P/E/G ratio of 0.77 and a beta of 0.28. Stride has a twelve month low of $35.61 and a twelve month high of $73.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.21 and a current ratio of 4.29.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.13. Stride had a return on equity of 18.29% and a net margin of 9.29%. The business had revenue of $520.84 million during the quarter, compared to analyst estimates of $507.89 million. During the same period last year, the company earned $1.30 earnings per share. Stride’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, 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.