Stride, Inc. (NYSE:LRN – Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 3,618 call options on the company. This is an increase of 170% compared to the average volume of 1,340 call options.
Stride Stock Up 2.9 %
Shares of Stride stock opened at $92.28 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.95 and a current ratio of 5.10. Stride has a 52-week low of $50.28 and a 52-week high of $92.75. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 0.74 and a beta of 0.26. The company’s 50 day moving average price is $79.51 and its 200-day moving average price is $72.80.
Stride (NYSE:LRN – Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.72. Stride had a net margin of 10.01% and a return on equity of 19.12%. The firm had revenue of $551.08 million for the quarter, compared to analysts’ expectations of $504.29 million. During the same quarter last year, the business earned $0.11 earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. Equities research analysts forecast that Stride will post 5.05 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group assumed coverage on shares of Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price target on the stock. BMO Capital Markets raised their target price on shares of Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday. Canaccord Genuity Group raised their target price on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Citigroup downgraded shares of Stride from a “buy” rating to a “neutral” rating and raised their target price for the company from $77.00 to $90.00 in a research note on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $89.50.
Stride Company Profile
Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.
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