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

Stride, Inc. (NYSE:LRN) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $97.50.

A number of research analysts recently commented on the company. Citigroup upped their target price on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Morgan Stanley raised their price target on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Barrington Research increased their target price on Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, BMO Capital Markets boosted their price target on Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th.

Stride Stock Up 0.7 %

Shares of LRN opened at $105.48 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60. The company has a 50-day simple moving average of $99.39 and a 200-day simple moving average of $84.00. Stride has a 52 week low of $54.81 and a 52 week high of $112.80. The firm has a market capitalization of $4.60 billion, a P/E ratio of 19.18, a P/E/G ratio of 0.80 and a beta of 0.30.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.72. Stride had a return on equity of 21.23% and a net margin of 11.38%. The firm had revenue of $551.08 million for the quarter, compared to analyst estimates of $504.29 million. During the same period in the previous year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts expect that Stride will post 6.64 earnings per share for the current year.

Insider Buying and Selling at Stride

In other news, Director Todd Goldthwaite sold 8,028 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the completion of the sale, the director now directly owns 85,058 shares in the company, valued at approximately $7,786,209.32. This trade represents a 8.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Congress Asset Management Co. acquired a new stake in Stride in the 3rd quarter valued at about $45,616,000. Victory Capital Management Inc. increased its holdings in shares of Stride by 1,443.6% in the second quarter. Victory Capital Management Inc. now owns 479,941 shares of the company’s stock valued at $33,836,000 after purchasing an additional 448,849 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Stride by 20.1% in the second quarter. William Blair Investment Management LLC now owns 2,122,102 shares of the company’s stock valued at $149,608,000 after purchasing an additional 355,614 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Stride by 51.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock worth $79,326,000 after purchasing an additional 314,435 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in Stride during the 3rd quarter worth $21,044,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Company Profile

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.