Stride (NYSE:LRN) Stock Price Down 5.9% – What’s Next?

Stride, Inc. (NYSE:LRN) dropped 5.9% during mid-day trading on Monday . The company traded as low as $68.56 and last traded at $67.7720. Approximately 728,798 shares were traded during trading, a decline of 27% from the average daily volume of 993,332 shares. The stock had previously closed at $72.01.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LRN. BMO Capital Markets set a $108.00 target price on Stride and gave the stock a “market perform” rating in a research report on Wednesday, October 29th. Morgan Stanley increased their target price on shares of Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Stride in a research report on Wednesday, October 8th. Canaccord Genuity Group lifted their target price on Stride from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Barrington Research dropped their price target on Stride from $185.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Stride has an average rating of “Moderate Buy” and an average target price of $141.75.

Stride Trading Down 9.6%

The company has a current ratio of 6.78, a quick ratio of 5.27 and a debt-to-equity ratio of 0.32. The stock has a market cap of $2.85 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 0.40 and a beta of -0.02. The business has a 50 day moving average of $136.74 and a 200-day moving average of $143.09.

Stride (NYSE:LRN) last released its earnings results on Tuesday, October 28th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.23 by $0.29. Stride had a net margin of 12.76% and a return on equity of 26.29%. The firm had revenue of $620.88 million during the quarter, compared to analysts’ expectations of $615.50 million. During the same period in the previous year, the company earned $0.94 EPS. Stride’s revenue for the quarter was up 12.7% on a year-over-year basis. Stride has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts anticipate that Stride, Inc. will post 6.67 EPS for the current year.

Insiders Place Their Bets

In related news, CEO James Jeaho Rhyu sold 13,961 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total transaction of $2,270,896.26. Following the transaction, the chief executive officer directly owned 706,353 shares in the company, valued at approximately $114,895,378.98. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. purchased a new stake in Stride in the second quarter valued at approximately $25,000. Larson Financial Group LLC boosted its holdings in shares of Stride by 333.3% in the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock valued at $26,000 after purchasing an additional 160 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Stride during the 3rd quarter valued at $26,000. Penserra Capital Management LLC acquired a new stake in shares of Stride during the 2nd quarter worth $27,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after buying an additional 85 shares during the period. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

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.