Stride, Inc. (NYSE:LRN – Get Free Report) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $95.75.
LRN has been the subject of several recent research reports. William Blair lowered Stride from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $38.00 price objective on shares of Stride in a report on Wednesday, September 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Stride in a research report on Wednesday, July 8th.
Check Out Our Latest Analysis on LRN
Stride Price Performance
Stride (NYSE:LRN – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.48. Stride had a return on equity of 23.49% and a net margin of 13.43%.The business had revenue of $636.06 million during the quarter, compared to the consensus estimate of $626.52 million. During the same period last year, the business posted $2.29 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Sell-side analysts forecast that Stride will post 8.62 EPS for the current year.
Institutional Trading of Stride
A number of institutional investors have recently modified their holdings of LRN. CX Institutional purchased a new stake in shares of Stride during the third quarter worth $4,692,000. IFP Advisors Inc raised its stake in shares of Stride by 16.3% during the 2nd quarter. IFP Advisors Inc now owns 2,485 shares of the company’s stock valued at $214,000 after purchasing an additional 349 shares during the period. Squarepoint Ops LLC raised its stake in shares of Stride by 14.3% during the 2nd quarter. Squarepoint Ops LLC now owns 19,950 shares of the company’s stock valued at $1,720,000 after purchasing an additional 2,496 shares during the period. Nykredit A S purchased a new stake in Stride during the 2nd quarter worth about $293,000. Finally, Corient Private Wealth LP purchased a new stake in Stride during the 2nd quarter worth about $241,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.
Stride Company Profile
Stride, Inc is an education technology company that provides online and blended learning programs for students in kindergarten through 12th grade. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instruction, student support and administrative services.
Stride’s offerings include full-time online public and private school programs, supplemental courses, tutoring and career-focused learning. Its career learning programs are designed to help middle- and high-school students develop practical skills and explore fields such as information technology, health sciences and business.
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