Stride, Inc. (NYSE:LRN – Get Free Report) Director Dylan Haggart acquired 792 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were bought at an average price of $78.52 per share, for a total transaction of $62,187.84. Following the purchase, the director owned 1,899,703 shares in the company, valued at approximately $149,164,679.56. This represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Stride Trading Down 2.7%
NYSE LRN opened at $78.49 on Friday. Stride, Inc. has a 12 month low of $60.61 and a 12 month high of $103.67. The company has a current ratio of 2.56, a quick ratio of 2.53 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $81.44 and a 200-day moving average of $85.75. The company has a market cap of $3.30 billion, a PE ratio of 10.83, a PEG ratio of 0.43 and a beta of 0.14.
Stride (NYSE:LRN – Get Free Report) last issued its earnings results on Tuesday, October 20th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.30. Stride had a net margin of 13.18% and a return on equity of 22.06%. The business had revenue of $639.38 million for the quarter, compared to the consensus estimate of $612.25 million. During the same period in the previous year, the company earned $1.40 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that Stride, Inc. will post 9.04 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms have recently weighed in on LRN. Zacks Research upgraded shares of Stride from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. BMO Capital Markets cut their target price on shares of Stride from $93.00 to $90.00 and set a “market perform” rating for the company in a research note on Monday, October 5th. Barrington Research reduced their price target on Stride from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Friday, October 23rd. William Blair cut Stride from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. Finally, Weiss Ratings raised Stride from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Stride presently has an average rating of “Moderate Buy” and a consensus target price of $106.25.
Get Our Latest Analysis on Stride
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in shares of Stride by 2.8% during the second quarter. GAMMA Investing LLC now owns 4,716 shares of the company’s stock worth $407,000 after acquiring an additional 128 shares during the period. BDFS Capital LLC grew its position in shares of Stride by 1.4% in the second quarter. BDFS Capital LLC now owns 12,436 shares of the company’s stock valued at $1,072,000 after purchasing an additional 176 shares during the last quarter. Cim LLC increased its stake in shares of Stride by 4.0% during the first 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 increased its stake in shares of Stride by 108.7% during the first quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company’s stock worth $38,000 after purchasing an additional 225 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Stride by 14.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,533 shares of the company’s stock worth $198,000 after purchasing an additional 321 shares during the last quarter. 98.24% of the stock is owned by institutional investors.
Stride Company Profile
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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