Stride, Inc. (NYSE:LRN – Get Free Report) Director Brian Shepherd purchased 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average cost of $76.69 per share, with a total value of $920,280.00. Following the completion of the acquisition, the director directly owned 13,094 shares of the company’s stock, valued at $1,004,178.86. This represents a 1,096.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Stride Stock Performance
NYSE:LRN traded up $4.18 during mid-day trading on Wednesday, reaching $79.23. The stock had a trading volume of 1,357,748 shares, compared to its average volume of 940,545. Stride, Inc. has a twelve month low of $60.61 and a twelve month high of $103.67. The business has a 50 day simple moving average of $81.08 and a 200 day simple moving average of $85.81. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 0.42 and a beta of 0.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.53 and a current ratio of 2.56.
Stride (NYSE:LRN – Get Free Report) last released its earnings results on Tuesday, October 20th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.30. The company had revenue of $639.38 million for the quarter, compared to analysts’ expectations of $612.25 million. Stride had a return on equity of 22.06% and a net margin of 13.18%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 EPS. On average, analysts expect that Stride, Inc. will post 9.04 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on LRN shares. Zacks Research raised Stride from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 28th. William Blair downgraded Stride from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. Barrington Research reduced their target price on Stride from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Friday, October 23rd. BMO Capital Markets decreased their target price on shares of Stride from $93.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, October 5th. Finally, Weiss Ratings raised shares of Stride from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $106.25.
View Our Latest Stock Report on LRN
Institutional Investors Weigh In On Stride
Several institutional investors have recently modified their holdings of LRN. EverSource Wealth Advisors LLC lifted its holdings 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. Public Employees Retirement System of Ohio acquired a new stake in shares of Stride during the 2nd quarter worth about $46,000. Caitlin John LLC purchased a new stake in shares of Stride during the second quarter worth about $49,000. John Boyer Inc. purchased a new stake in shares of Stride during the third quarter worth about $67,000. Finally, Bard Associates Inc. purchased a new stake in shares of Stride during the second quarter worth about $88,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.
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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