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

Stride, Inc. (NYSE:LRNGet 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.

Get Our Latest Analysis on LRN

Hedge Funds Weigh In On Stride

Large investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in Stride by 61.0% in the first quarter. Janus Henderson Group PLC now owns 2,277,279 shares of the company’s stock worth $200,799,000 after purchasing an additional 862,849 shares during the last quarter. Vanguard Group Inc. boosted its position 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 purchasing an additional 340,838 shares in the last quarter. Kendall Capital Management acquired a new stake in shares of Stride in the 2nd quarter worth $2,294,000. JB Capital Partners LP purchased a new position in Stride during the 2nd quarter worth $3,018,400. Finally, Fifth Third Bancorp increased its position in Stride by 18,660.7% during the 1st quarter. Fifth Third Bancorp now owns 54,406 shares of the company’s stock valued at $4,797,000 after buying an additional 54,116 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors.

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:LRNGet 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

(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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