Stride, Inc. (NYSE:LRN) Receives Consensus Recommendation of “Hold” from Analysts

Stride, Inc. (NYSE:LRN – Get Free Report) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $109.75.

Several research analysts have recently commented on LRN shares. Weiss Ratings restated a “hold (c)” rating on shares of Stride in a research note on Wednesday, July 8th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research note on Monday, June 15th. Barrington Research reiterated an “outperform” rating and issued a $125.00 price objective on shares of Stride in a report on Thursday, April 16th. Finally, William Blair reissued an “outperform” rating on shares of Stride in a research report on Monday, June 15th.

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Institutional Trading of Stride

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in 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 during the last quarter. Merit Financial Group LLC boosted its position in Stride by 35.3% during the fourth quarter. Merit Financial Group LLC now owns 40,383 shares of the company’s stock worth $2,622,000 after purchasing an additional 10,541 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in Stride by 59.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 369,928 shares of the company’s stock valued at $24,019,000 after purchasing an additional 137,775 shares during the last quarter. Jennison Associates LLC acquired a new position in Stride during the fourth quarter valued at approximately $988,000. Finally, Maxi Investments CY Ltd bought a new position in shares of Stride in the fourth quarter valued at approximately $1,000,000. Institutional investors own 98.24% of the company’s stock.

Stride Trading Up 4.9%

Shares of NYSE LRN opened at $87.50 on Friday. The business has a 50 day simple moving average of $90.00 and a 200 day simple moving average of $86.02. Stride has a 52 week low of $60.61 and a 52 week high of $171.17. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 0.47 and a beta of 0.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.14 and a current ratio of 6.21.

Stride (NYSE:LRN – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.09. The firm had revenue of $629.87 million for the quarter, compared to analyst estimates of $629.69 million. Stride had a net margin of 12.15% and a return on equity of 25.20%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.02 earnings per share. On average, research analysts predict that Stride will post 8.21 earnings per share for the current fiscal year.

About Stride

(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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