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

Stride, Inc. (NYSE:LRN) has earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $97.50.

LRN has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their price objective on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barrington Research raised their price objective on shares of Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. BMO Capital Markets boosted their target price on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Citigroup raised their price target on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th.

Stride Price Performance

Stride stock opened at $111.42 on Monday. The company’s 50 day moving average is $105.10 and its two-hundred day moving average is $87.32. The firm has a market cap of $4.86 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 0.80 and a beta of 0.32. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38. Stride has a 52-week low of $54.81 and a 52-week high of $114.72.

Stride (NYSE:LRN) last released its earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. Stride had a return on equity of 21.23% and a net margin of 11.38%. The firm had revenue of $551.08 million during the quarter, compared to analyst estimates of $504.29 million. During the same period last year, the business posted $0.11 earnings per share. Stride’s revenue was up 14.8% compared to the same quarter last year. On average, research analysts expect that Stride will post 6.64 EPS for the current fiscal year.

Insider Buying and Selling at Stride

In other news, Director Todd Goldthwaite sold 8,028 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the completion of the sale, the director now directly owns 85,058 shares of the company’s stock, valued at approximately $7,786,209.32. This represents a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Stride

Several institutional investors and hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC increased its stake in Stride by 1.1% in the third quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company’s stock valued at $99,851,000 after purchasing an additional 13,050 shares during the period. Geode Capital Management LLC increased its position in Stride by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock valued at $82,315,000 after acquiring an additional 35,349 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Stride by 51.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock valued at $79,326,000 after acquiring an additional 314,435 shares during the last quarter. Victory Capital Management Inc. raised its stake in Stride by 72.4% during the 3rd quarter. Victory Capital Management Inc. now owns 827,505 shares of the company’s stock valued at $70,594,000 after acquiring an additional 347,564 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in Stride by 0.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 753,728 shares of the company’s stock worth $64,286,000 after acquiring an additional 5,278 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

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.