Stride (NYSE:LRN) Downgraded to “Hold” at StockNews.com

StockNews.com downgraded shares of Stride (NYSE:LRN) from a buy rating to a hold rating in a research report released on Thursday.

A number of other equities research analysts have also recently issued reports on the company. Barrington Research reiterated an outperform rating and issued a $75.00 target price on shares of Stride in a research note on Wednesday, April 24th. Citigroup raised their target price on Stride from $70.00 to $75.00 and gave the company a buy rating in a research note on Monday, January 29th. Wedbush reiterated an outperform rating on shares of Stride in a research note on Wednesday, January 24th. Morgan Stanley raised their target price on Stride from $60.00 to $65.00 and gave the company an equal weight rating in a research note on Wednesday, January 24th. Finally, BMO Capital Markets raised their target price on Stride from $72.00 to $73.00 and gave the company an outperform rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Stride presently has a consensus rating of Moderate Buy and a consensus target price of $72.00.

Stride Stock Performance

Stride stock opened at $67.08 on Thursday. The company has a market cap of $2.90 billion, a PE ratio of 15.75, a P/E/G ratio of 0.74 and a beta of 0.26. The company has a fifty day moving average price of $60.65 and a two-hundred day moving average price of $58.58. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.21. Stride has a 12 month low of $35.61 and a 12 month high of $69.70.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. The firm had revenue of $520.84 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $1.30 earnings per share. Research analysts expect that Stride will post 4.55 earnings per share for the current year.

Institutional Investors Weigh In On Stride

A number of hedge funds and other institutional investors have recently modified their holdings of LRN. Ronald Blue Trust Inc. raised its stake in shares of Stride by 348.1% during the third quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock valued at $26,000 after purchasing an additional 449 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Stride during the fourth quarter valued at about $29,000. McIlrath & Eck LLC bought a new stake in shares of Stride during the third quarter valued at about $31,000. Strs Ohio bought a new stake in Stride in the fourth quarter worth about $47,000. Finally, GAMMA Investing LLC bought a new stake in Stride in the fourth quarter worth about $65,000. 98.24% of the stock is currently owned by institutional investors.

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.