Stride (NYSE:LRN) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Stride, Inc. (NYSE:LRN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $88.98 and traded as high as $90.12. Stride shares last traded at $89.2170, with a volume of 342,554 shares.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LRN shares. Morgan Stanley reduced their target price on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Barrington Research restated an “outperform” rating and issued a $125.00 price objective on shares of Stride in a report on Wednesday, January 28th. BMO Capital Markets restated a “market perform” rating on shares of Stride in a report on Tuesday, March 3rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Stride in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $109.75.

Stride Price Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 7.27 and a quick ratio of 7.19. The stock has a market cap of $3.80 billion, a P/E ratio of 13.58, a P/E/G ratio of 0.55 and a beta of 0.05. The company’s 50 day simple moving average is $85.53 and its 200 day simple moving average is $88.98.

Institutional Investors Weigh In On Stride

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Stride by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 4,883,571 shares of the company’s stock valued at $317,090,000 after purchasing an additional 340,838 shares in the last quarter. Invesco Ltd. grew its position in Stride by 1.3% in the third quarter. Invesco Ltd. now owns 1,805,508 shares of the company’s stock valued at $268,912,000 after purchasing an additional 23,488 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Stride by 32.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,659,795 shares of the company’s stock valued at $107,773,000 after purchasing an additional 408,585 shares in the last quarter. Morgan Stanley grew its position in Stride by 98.1% in the fourth quarter. Morgan Stanley now owns 1,631,570 shares of the company’s stock valued at $105,938,000 after purchasing an additional 808,141 shares in the last quarter. Finally, William Blair Investment Management LLC grew its position in Stride by 37.2% in the third quarter. William Blair Investment Management LLC now owns 1,511,080 shares of the company’s stock valued at $225,060,000 after purchasing an additional 410,029 shares in the last quarter. Institutional investors 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.