Stride, Inc. (NYSE:LRN – Get Free Report) has been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $109.75.
LRN has been the topic of a number of recent research reports. William Blair downgraded shares of Stride from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a research note on Wednesday, July 8th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research report on Monday.
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Stride Price Performance
LRN opened at $84.86 on Friday. The stock has a market cap of $3.53 billion, a P/E ratio of 11.79, a PEG ratio of 0.50 and a beta of 0.11. Stride has a 52-week low of $60.61 and a 52-week high of $166.93. The company has a quick ratio of 5.81, a current ratio of 5.94 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $85.90 and a 200 day moving average of $88.33.
Stride (NYSE:LRN – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.48. The business had revenue of $636.06 million for the quarter, compared to analyst estimates of $626.52 million. Stride had a net margin of 13.43% and a return on equity of 23.49%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company posted $2.29 earnings per share. As a group, sell-side analysts anticipate that Stride will post 8.62 EPS for the current year.
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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