Stride, Inc. (NYSE:LRN – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $82.56 and last traded at $82.26, with a volume of 199498 shares trading hands. The stock had previously closed at $79.79.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on LRN shares. Canaccord Genuity Group started coverage on Stride in a research report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price target on the stock. Barrington Research raised their price target on Stride from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. BMO Capital Markets raised their price target on Stride from $79.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Canaccord Genuity Group started coverage on Stride in a research report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price target on the stock. Finally, StockNews.com raised Stride from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.33.
View Our Latest Stock Report on Stride
Stride Trading Down 0.6 %
Stride (NYSE:LRN – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.15. Stride had a return on equity of 18.29% and a net margin of 9.29%. The business had revenue of $534.18 million for the quarter, compared to the consensus estimate of $525.89 million. During the same period last year, the business earned $1.01 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts predict that Stride, Inc. will post 4.55 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LRN. Strs Ohio bought a new position in Stride during the fourth quarter worth about $47,000. GAMMA Investing LLC bought a new position in Stride during the fourth quarter worth about $65,000. Quadrant Capital Group LLC lifted its stake 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 purchasing an additional 483 shares during the period. Motco bought a new position in Stride during the first quarter worth about $74,000. Finally, EntryPoint Capital LLC bought a new position in Stride during the first quarter worth about $77,000. Institutional investors own 98.24% of the company’s stock.
Stride Company Profile
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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