Analysts Set Stride, Inc. (NYSE:LRN) PT at $126.83

Stride, Inc. (NYSE:LRN) has earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $126.83.

Several analysts have recently commented on LRN shares. BMO Capital Markets reissued an “outperform” rating on shares of Stride in a research note on Thursday, May 1st. Wall Street Zen lowered Stride from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Barrington Research boosted their target price on Stride from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Canaccord Genuity Group raised their price target on Stride from $145.00 to $155.00 and gave the company a “buy” rating in a report on Monday, April 28th. Finally, William Blair reiterated an “outperform” rating on shares of Stride in a research report on Wednesday, April 30th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Choreo LLC bought a new position in shares of Stride in the fourth quarter worth $588,000. Empowered Funds LLC bought a new stake in shares of Stride during the 4th quarter valued at about $1,683,000. Entropy Technologies LP grew its holdings in shares of Stride by 47.2% during the fourth quarter. Entropy Technologies LP now owns 7,623 shares of the company’s stock worth $792,000 after purchasing an additional 2,445 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Stride by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock worth $2,151,000 after purchasing an additional 100 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Stride by 61.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company’s stock valued at $20,250,000 after purchasing an additional 72,518 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

Stride Price Performance

Shares of NYSE:LRN opened at $143.06 on Thursday. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.04 and a beta of 0.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. Stride has a 12 month low of $63.25 and a 12 month high of $162.30. The stock’s 50 day moving average price is $146.04 and its 200 day moving average price is $129.76.

Stride (NYSE:LRN) last issued its 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). The business had revenue of $613.38 million during the quarter, compared to analyst estimates of $591.15 million. Stride had a return on equity of 22.42% and a net margin of 12.30%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the business earned $1.60 EPS. Equities research analysts anticipate that Stride will post 6.67 earnings per share for the current fiscal year.

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.