Stride (NYSE:LRN) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Stride (NYSE:LRN) from a hold rating to a buy rating in a research note released on Friday.

Several other equities research analysts have also weighed in on the company. Canaccord Genuity Group started coverage on Stride in a research report on Thursday. They set a buy rating and a $94.00 target price on the stock. Canaccord Genuity Group began coverage on shares of Stride in a research report on Thursday. They set a buy rating and a $94.00 price objective for the company. Barrington Research upped their target price on shares of Stride from $85.00 to $90.00 and gave the company an outperform rating in a report on Thursday. Finally, BMO Capital Markets lifted their price target on shares of Stride from $79.00 to $82.00 and gave the stock an outperform rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $83.33.

Stride Stock Down 1.5 %

Shares of LRN stock traded down $1.25 during trading hours on Friday, reaching $80.74. 36,265 shares of the stock were exchanged, compared to its average volume of 708,417. The business’s fifty day moving average is $70.50 and its two-hundred day moving average is $65.72. The firm has a market capitalization of $3.49 billion, a P/E ratio of 19.25, a P/E/G ratio of 0.74 and a beta of 0.28. Stride has a 12-month low of $38.15 and a 12-month high of $82.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.21.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.15. Stride had a net margin of 9.29% and a return on equity of 18.29%. The company had revenue of $534.18 million for the quarter, compared to the consensus estimate of $525.89 million. During the same period in the prior year, the firm posted $1.01 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, research analysts expect that Stride will post 4.55 EPS for the current fiscal year.

Institutional Trading of Stride

Institutional investors and hedge funds have recently bought and sold shares of the business. William Blair Investment Management LLC increased its position in Stride by 20.1% during the 2nd quarter. William Blair Investment Management LLC now owns 2,122,102 shares of the company’s stock worth $149,608,000 after purchasing an additional 355,614 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Stride by 2.7% in the first quarter. Janus Henderson Group PLC now owns 1,154,995 shares of the company’s stock valued at $72,821,000 after purchasing an additional 30,854 shares during the period. Swedbank AB purchased a new stake in shares of Stride during the 1st quarter worth approximately $60,385,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Stride during the second quarter worth $43,387,000. Finally, Price T Rowe Associates Inc. MD raised its position in Stride by 641.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 508,444 shares of the company’s stock worth $32,058,000 after acquiring an additional 439,911 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.