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

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

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Stride from a “hold” rating to a “buy” rating in a research note on Saturday, June 21st. BMO Capital Markets restated an “outperform” rating on shares of Stride in a report on Thursday, May 1st. Canaccord Genuity Group raised their price target on shares of Stride from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. William Blair reaffirmed an “outperform” rating on shares of Stride in a research report on Wednesday, April 30th. Finally, Barrington Research restated an “outperform” rating and issued a $170.00 price target on shares of Stride in a report on Thursday, July 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Rezny Wealth Management Inc. boosted its position in Stride by 0.6% during the 2nd quarter. Rezny Wealth Management Inc. now owns 14,152 shares of the company’s stock worth $2,055,000 after acquiring an additional 83 shares during the period. Vident Advisory LLC raised its holdings in shares of Stride by 2.9% during the first quarter. Vident Advisory LLC now owns 2,941 shares of the company’s stock worth $372,000 after acquiring an additional 84 shares in the last quarter. Vestcor Inc raised its holdings in shares of Stride by 4.6% during the first quarter. Vestcor Inc now owns 2,328 shares of the company’s stock worth $294,000 after acquiring an additional 102 shares in the last quarter. Maryland State Retirement & Pension System increased its position in Stride by 0.9% during the second quarter. Maryland State Retirement & Pension System now owns 12,614 shares of the company’s stock worth $1,831,000 after buying an additional 109 shares during the last quarter. Finally, Bosun Asset Management LLC increased its position in Stride by 1.4% during the fourth quarter. Bosun Asset Management LLC now owns 8,292 shares of the company’s stock worth $862,000 after buying an additional 111 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

Stride Stock Down 0.6%

NYSE:LRN opened at $128.40 on Friday. The stock’s fifty day moving average is $140.27 and its two-hundred day moving average is $136.62. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 0.83 and a beta of 0.32. The company has a quick ratio of 5.53, a current ratio of 5.61 and a debt-to-equity ratio of 0.33. Stride has a 52 week low of $63.25 and a 52 week high of $162.30.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.07). The firm had revenue of $613.38 million for the quarter, compared to analyst estimates of $591.15 million. Stride had a return on equity of 23.36% and a net margin of 13.10%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 EPS. Research analysts anticipate that Stride will post 6.67 EPS 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.