Stride, Inc. (NYSE:LRN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Stride, Inc. (NYSE:LRN) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $72.00.

LRN has been the topic of a number of recent research reports. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. BMO Capital Markets boosted their price objective on Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Barrington Research restated an “outperform” rating and set a $75.00 target price on shares of Stride in a research note on Wednesday, April 24th. Wedbush reaffirmed an “outperform” rating on shares of Stride in a report on Wednesday, January 24th. Finally, Citigroup increased their price objective on shares of Stride from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, January 29th.

Stride Trading Up 0.9 %

Shares of NYSE:LRN opened at $72.11 on Wednesday. The stock’s 50-day simple moving average is $62.36 and its two-hundred day simple moving average is $59.83. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 0.77 and a beta of 0.26. Stride has a 52-week low of $35.61 and a 52-week high of $73.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.21 and a current ratio of 4.29.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.13. Stride had a net margin of 9.29% and a return on equity of 18.29%. The company had revenue of $520.84 million during the quarter, compared to analyst estimates of $507.89 million. During the same period in the previous year, the business posted $1.30 earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. Analysts expect that Stride will post 4.55 EPS for the current year.

Institutional Investors Weigh In On Stride

A number of institutional investors have recently added to or reduced their stakes in the stock. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Stride in the fourth quarter worth $29,000. McIlrath & Eck LLC bought a new stake in Stride in the 3rd quarter valued at $31,000. Strs Ohio bought a new stake in Stride in the 4th quarter valued at $47,000. GAMMA Investing LLC purchased a new stake in Stride in the 4th quarter worth $65,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Stride by 76.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock valued at $66,000 after purchasing an additional 483 shares during the last quarter. 98.24% of the stock is 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.