Stride (NYSE:LRN) Stock Rating Upgraded by StockNews.com

Stride (NYSE:LRN) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

A number of other equities research analysts also recently commented on the stock. BMO Capital Markets lifted their price target on shares of Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Barrington Research reiterated an “outperform” rating and set a $75.00 price target on shares of Stride in a report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Stride Price Performance

Shares of NYSE LRN opened at $68.54 on Thursday. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 0.66 and a beta of 0.28. Stride has a 52 week low of $36.63 and a 52 week high of $73.32. The company’s 50-day moving average price is $69.42 and its 200 day moving average price is $63.72. The company has a current ratio of 4.29, a quick ratio of 4.21 and a debt-to-equity ratio of 0.40.

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

Institutional Investors Weigh In On Stride

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Stride by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,969,506 shares of the company’s stock worth $223,777,000 after buying an additional 28,661 shares during the period. William Blair Investment Management LLC purchased a new stake in Stride during the first quarter worth approximately $111,377,000. Janus Henderson Group PLC grew its stake in Stride by 2.7% during the first quarter. Janus Henderson Group PLC now owns 1,154,995 shares of the company’s stock worth $72,821,000 after buying an additional 30,854 shares during the period. Swedbank AB purchased a new stake in Stride during the first quarter worth approximately $60,385,000. Finally, Deutsche Bank AG grew its stake in Stride by 0.5% during the third quarter. Deutsche Bank AG now owns 570,751 shares of the company’s stock worth $25,701,000 after buying an additional 2,582 shares during the period. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

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.