Stride, Inc. (NYSE:LRN) Given Consensus Rating of “Hold” by Analysts

Shares of Stride, Inc. (NYSE:LRNGet Free Report) have earned an average rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $109.75.

Several research firms recently weighed in on LRN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a research note on Friday, April 10th. Barrington Research reaffirmed an “outperform” rating and set a $125.00 target price on shares of Stride in a research note on Thursday, April 16th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $125.00 target price on shares of Stride in a research note on Wednesday, January 28th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research note on Tuesday, March 3rd. Finally, Wall Street Zen cut shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st.

Check Out Our Latest Stock Report on Stride

Stride Stock Up 1.9%

Shares of LRN stock opened at $91.22 on Thursday. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 0.54 and a beta of 0.13. The company’s fifty day moving average price is $90.96 and its 200-day moving average price is $79.43. Stride has a one year low of $60.61 and a one year high of $171.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.21 and a quick ratio of 6.14.

Stride (NYSE:LRNGet Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.09. The company had revenue of $629.87 million during the quarter, compared to analysts’ expectations of $629.69 million. Stride had a net margin of 12.15% and a return on equity of 25.20%. Stride’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $2.02 earnings per share. Sell-side analysts expect that Stride will post 8.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Stride

Several institutional investors have recently bought and sold shares of LRN. Vanguard Group Inc. grew its stake in shares of Stride by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 4,883,571 shares of the company’s stock worth $317,090,000 after buying an additional 340,838 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Stride by 61.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,277,279 shares of the company’s stock worth $200,799,000 after buying an additional 862,849 shares during the last quarter. Invesco Ltd. raised its position in shares of Stride by 1.3% during the 3rd quarter. Invesco Ltd. now owns 1,805,508 shares of the company’s stock valued at $268,912,000 after buying an additional 23,488 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Stride by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,750,646 shares of the company’s stock valued at $154,339,000 after buying an additional 90,851 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Stride by 98.1% in the 4th quarter. Morgan Stanley now owns 1,631,570 shares of the company’s stock valued at $105,938,000 after acquiring an additional 808,141 shares during the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Stride (NYSE:LRN)

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