Stride (NYSE:LRN – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, Zacks reports.
LRN has been the topic of several other research reports. William Blair lowered Stride from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Barrington Research dropped their target price on Stride from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Friday, October 23rd. Weiss Ratings raised Stride from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Finally, BMO Capital Markets cut their price target on shares of Stride from $93.00 to $90.00 and set a “market perform” rating on the stock in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.25.
Check Out Our Latest Research Report on Stride
Stride Stock Up 0.5%
NYSE:LRN opened at $80.53 on Wednesday. The company has a quick ratio of 2.53, a current ratio of 2.56 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average is $81.55 and its two-hundred day moving average is $85.70. Stride has a 52 week low of $60.61 and a 52 week high of $103.67. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 0.44 and a beta of 0.14.
Stride (NYSE:LRN – Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.07 by $0.30. Stride had a return on equity of 22.06% and a net margin of 13.18%. The business had revenue of $639.38 million during the quarter, compared to analyst estimates of $612.25 million. During the same period last year, the business posted $1.40 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Research analysts anticipate that Stride will post 9.04 EPS for the current year.
Insider Buying and Selling
In other Stride news, Director Dylan Haggart purchased 95,008 shares of the company’s stock in a transaction on Monday, October 26th. The stock was acquired at an average price of $78.44 per share, for a total transaction of $7,452,427.52. Following the completion of the purchase, the director directly owned 1,898,911 shares in the company, valued at approximately $148,950,578.84. The trade was a 5.27% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 154,988 shares of company stock valued at $12,240,185. Company insiders own 3.00% of the company’s stock.
Institutional Trading of Stride
Several hedge funds have recently modified their holdings of LRN. GAMMA Investing LLC grew its stake in Stride by 2.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,716 shares of the company’s stock worth $407,000 after purchasing an additional 128 shares in the last quarter. BDFS Capital LLC increased its holdings in Stride by 1.4% during the 2nd quarter. BDFS Capital LLC now owns 12,436 shares of the company’s stock worth $1,072,000 after purchasing an additional 176 shares during the period. Cim LLC increased its holdings in Stride by 4.0% during the 1st quarter. Cim LLC now owns 4,706 shares of the company’s stock worth $415,000 after purchasing an additional 179 shares during the period. EverSource Wealth Advisors LLC raised its position in Stride by 108.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company’s stock valued at $38,000 after purchasing an additional 225 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Stride by 14.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,533 shares of the company’s stock valued at $198,000 after purchasing an additional 321 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.
About Stride
Stride, Inc is an education technology company that provides online and blended learning programs for K-12 students. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instructional software, teaching support and student services. Its offerings are designed to support full-time virtual schools, supplemental courses and traditional schools incorporating online learning.
Stride also provides career-focused education through programs that combine academic instruction with career exploration, technical training and industry-aligned learning opportunities.
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