Brokerages Set Stride, Inc. (NYSE:LRN) PT at $109.75

Shares of Stride, Inc. (NYSE:LRN) have been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $109.75.

Several equities analysts recently commented on the company. William Blair restated an “outperform” rating on shares of Stride in a research report on Monday, June 15th. Barrington Research reiterated an “outperform” rating and issued a $125.00 price target on shares of Stride in a research report on Thursday, April 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stride in a research note on Wednesday, July 8th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Stride in a report on Monday, June 15th.

Stride Stock Performance

NYSE:LRN opened at $87.21 on Friday. The firm has a market capitalization of $3.71 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.49 and a beta of 0.10. The company has a quick ratio of 6.14, a current ratio of 6.21 and a debt-to-equity ratio of 0.29. Stride has a 12-month low of $60.61 and a 12-month high of $171.17. The firm has a 50-day moving average price of $89.98 and a 200 day moving average price of $86.17.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.09. Stride had a return on equity of 25.20% and a net margin of 12.15%.The company had revenue of $629.87 million for the quarter, compared to the consensus estimate of $629.69 million. During the same period in the previous year, the business earned $2.02 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts anticipate that Stride will post 8.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stride

A number of hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in Stride by 37.7% in the second quarter. Farther Finance Advisors LLC now owns 2,212 shares of the company’s stock valued at $191,000 after buying an additional 606 shares in the last quarter. BDFS Capital LLC grew its stake in Stride by 1.4% during the second quarter. BDFS Capital LLC now owns 12,436 shares of the company’s stock worth $1,072,000 after buying an additional 176 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Stride by 2.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,947 shares of the company’s stock worth $1,462,000 after buying an additional 456 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Stride by 5.5% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,479 shares of the company’s stock worth $559,000 after buying an additional 338 shares in the last quarter. Finally, Kirr Marbach & Co. LLC IN increased its holdings in shares of Stride by 0.3% during the second quarter. Kirr Marbach & Co. LLC IN now owns 102,840 shares of the company’s stock worth $8,869,000 after buying an additional 356 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

About Stride

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.