Stride (NYSE:LRN) Hits New 1-Year High – Still a Buy?

Stride, Inc. (NYSE:LRN)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $146.49 and last traded at $143.95, with a volume of 172079 shares trading hands. The stock had previously closed at $137.94.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LRN shares. Canaccord Genuity Group upped their price target on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. BMO Capital Markets upped their target price on Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Finally, Barrington Research boosted their price target on Stride from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $121.83.

Stride Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 1.04 and a beta of 0.47. The company’s fifty day moving average is $130.67 and its two-hundred day moving average is $114.49.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. On average, research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LRN. Vanguard Group Inc. boosted its holdings in Stride by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company’s stock worth $485,706,000 after buying an additional 69,888 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Stride by 18.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock valued at $256,397,000 after buying an additional 375,686 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Stride by 27.6% during the 4th quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company’s stock valued at $155,251,000 after buying an additional 323,275 shares in the last quarter. Congress Asset Management Co. grew its stake in Stride by 102.2% in the 1st quarter. Congress Asset Management Co. now owns 1,169,748 shares of the company’s stock valued at $147,973,000 after acquiring an additional 591,208 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Stride by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 970,395 shares of the company’s stock worth $100,877,000 after acquiring an additional 5,694 shares in the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Company Profile

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.