Stride, Inc. (NYSE:LRN) Receives $109.75 Average Price Target from Analysts

Shares of Stride, Inc. (NYSE:LRN) have received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $109.75.

Several research firms recently weighed in on LRN. Morgan Stanley dropped their price objective on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Wall Street Zen lowered Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Canaccord Genuity Group reiterated a “buy” rating and issued a $125.00 price objective on shares of Stride in a research report on Wednesday, January 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Stride in a research report on Monday, December 29th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a research report on Tuesday, March 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LRN. Newbridge Financial Services Group Inc. bought a new stake in shares of Stride in the 2nd quarter valued at $25,000. Financial Management Professionals Inc. bought a new stake in shares of Stride in the third quarter worth about $26,000. Penserra Capital Management LLC acquired a new stake in shares of Stride during the second quarter worth about $27,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Stride by 78.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after purchasing an additional 85 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Stride in the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Stock Down 1.6%

Stride stock opened at $83.04 on Friday. The firm has a market cap of $3.54 billion, a PE ratio of 12.64, a P/E/G ratio of 0.50 and a beta of 0.12. Stride has a twelve month low of $60.61 and a twelve month high of $171.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.19 and a current ratio of 7.27. The firm’s 50 day moving average price is $80.31 and its two-hundred day moving average price is $96.19.

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.