Stride, Inc. (NYSE:LRN – Get Free Report) has been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $109.75.
A number of equities analysts have commented on LRN shares. William Blair reissued an “outperform” rating on shares of Stride in a research note on Monday, June 15th. Barrington Research reissued an “outperform” rating and issued a $125.00 price objective on shares of Stride in a research note on Thursday, April 16th. BMO Capital Markets reissued a “market perform” rating on shares of Stride in a research note on Monday, June 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a research note on Friday, April 10th.
Check Out Our Latest Report on Stride
Stride Price Performance
Stride (NYSE:LRN – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.09. The company had revenue of $629.87 million for the quarter, compared to analyst estimates of $629.69 million. Stride had a return on equity of 25.20% and a net margin of 12.15%.The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.02 earnings per share. Equities research analysts forecast that Stride will post 8.21 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Stride
Institutional investors and hedge funds have recently made changes to their positions in the company. GW&K Investment Management LLC bought a new stake in shares of Stride during the third quarter worth $17,277,000. Divisadero Street Capital Management LP bought a new stake in shares of Stride during the third quarter worth $55,852,000. William Blair Investment Management LLC raised its position in shares of Stride by 37.2% during the third quarter. William Blair Investment Management LLC now owns 1,511,080 shares of the company’s stock worth $225,060,000 after acquiring an additional 410,029 shares during the last quarter. Cat Rock Capital Management LP raised its position in shares of Stride by 22.8% during the third quarter. Cat Rock Capital Management LP now owns 203,614 shares of the company’s stock worth $30,326,000 after acquiring an additional 37,761 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Stride by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 4,883,571 shares of the company’s stock worth $317,090,000 after acquiring an additional 340,838 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.
Stride Company Profile
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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