Stride, Inc. (NYSE:LRN) Given Average Rating of “Hold” by Analysts

Shares of Stride, Inc. (NYSE:LRN) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $109.75.

Several analysts have commented on the stock. Morgan Stanley lowered their target price on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. BMO Capital Markets reiterated a “market perform” rating and issued a $94.00 target price on shares of Stride in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stride in a research report on Monday, December 29th. Barrington Research restated an “outperform” rating and issued a $125.00 price target on shares of Stride in a report on Wednesday, January 28th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $125.00 price objective on shares of Stride in a report on Wednesday, January 28th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of Stride by 67.3% in the first quarter. AQR Capital Management LLC now owns 28,547 shares of the company’s stock worth $3,611,000 after acquiring an additional 11,481 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Stride by 80.9% in the 1st quarter. NewEdge Advisors LLC now owns 5,124 shares of the company’s stock valued at $648,000 after purchasing an additional 2,291 shares in the last quarter. Empowered Funds LLC raised its position in Stride by 12.4% in the first quarter. Empowered Funds LLC now owns 18,202 shares of the company’s stock valued at $2,303,000 after purchasing an additional 2,008 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Stride by 31.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,455 shares of the company’s stock worth $17,009,000 after purchasing an additional 32,470 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Stride by 62.7% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after purchasing an additional 131 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Price Performance

LRN stock opened at $84.89 on Tuesday. The stock’s 50 day moving average price is $72.55 and its 200 day moving average price is $106.17. The firm has a market cap of $3.61 billion, a P/E ratio of 12.92, a PEG ratio of 0.51 and a beta of 0.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.19 and a current ratio of 7.27. Stride has a 1 year low of $60.61 and a 1 year high of $171.17.

Stride Company Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.