Stride (NYSE:LRN) Earns “Buy (B)” Rating from Weiss Ratings

Stride (NYSE:LRN)‘s stock had its “buy (b)” rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently commented on LRN. Morgan Stanley boosted their target price on Stride from $148.00 to $159.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Barrington Research reaffirmed an “outperform” rating and issued a $185.00 price target on shares of Stride in a report on Tuesday, September 23rd. Finally, Wall Street Zen cut Stride from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.40.

Stride Stock Performance

Shares of LRN stock opened at $144.93 on Wednesday. The company has a quick ratio of 5.27, a current ratio of 5.39 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average of $152.02 and a two-hundred day moving average of $144.56. Stride has a 52 week low of $63.25 and a 52 week high of $171.17. The company has a market cap of $6.32 billion, a P/E ratio of 24.07, a PEG ratio of 0.79 and a beta of 0.07.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, August 5th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.46. The company had revenue of $653.65 million during the quarter, compared to the consensus estimate of $626.23 million. Stride had a return on equity of 25.51% and a net margin of 11.97%.Stride’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.42 earnings per share. As a group, analysts anticipate that Stride will post 6.67 EPS for the current year.

Insider Transactions at Stride

In related news, CEO James Jeaho Rhyu sold 13,961 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total value of $2,270,896.26. Following the completion of the sale, the chief executive officer directly owned 706,353 shares in the company, valued at approximately $114,895,378.98. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Stride

A number of large investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. acquired a new position in Stride during the 2nd quarter worth $25,000. Larson Financial Group LLC lifted its position in Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock worth $26,000 after acquiring an additional 160 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Stride during the 2nd quarter worth $27,000. Northwestern Mutual Wealth Management Co. lifted its position in Stride by 78.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after acquiring an additional 85 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Stride during the 2nd quarter worth $30,000. 98.24% of the stock is currently owned by institutional investors.

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.