Stride, Inc. (NYSE:LRN) Receives $126.83 Consensus PT from Brokerages

Shares of Stride, Inc. (NYSE:LRN) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $126.83.

A number of research analysts have recently commented on LRN shares. Canaccord Genuity Group lifted their price objective on shares of Stride from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Barrington Research lifted their price objective on shares of Stride from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. William Blair reissued an “outperform” rating on shares of Stride in a research report on Wednesday, April 30th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Stride in a research report on Thursday, May 1st.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LRN. Larson Financial Group LLC raised its holdings in Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock valued at $26,000 after buying an additional 160 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in Stride by 140.5% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock valued at $34,000 after buying an additional 156 shares during the last quarter. R Squared Ltd bought a new stake in Stride during the 4th quarter valued at $37,000. Point72 Hong Kong Ltd bought a new position in Stride in the 4th quarter worth $41,000. Finally, CIBC Private Wealth Group LLC raised its holdings in Stride by 85.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock worth $42,000 after purchasing an additional 178 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Stock Up 0.1%

Shares of LRN opened at $157.05 on Friday. Stride has a 52 week low of $63.25 and a 52 week high of $162.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The firm has a market capitalization of $6.84 billion, a P/E ratio of 26.22, a P/E/G ratio of 1.04 and a beta of 0.36. The company has a 50-day simple moving average of $137.88 and a 200-day simple moving average of $123.96.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.07). Stride had a net margin of 12.30% and a return on equity of 22.42%. The company had revenue of $613.38 million for the quarter, compared to the consensus estimate of $591.15 million. During the same period last year, the company earned $1.60 earnings per share. Stride’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, equities research analysts expect that Stride will post 6.67 earnings per share for the current year.

About Stride

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.