Analysts Set Stride, Inc. (NYSE:LRN) Target Price at $90.17

Stride, Inc. (NYSE:LRN) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $90.17.

Several research firms have recently commented on LRN. Canaccord Genuity Group started coverage on shares of Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 target price on the stock. Canaccord Genuity Group raised their price objective on Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their target price on Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Citigroup increased their target price on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday.

Stride Price Performance

NYSE LRN opened at $93.37 on Wednesday. The business’s fifty day moving average is $80.60 and its 200 day moving average is $73.91. Stride has a fifty-two week low of $54.74 and a fifty-two week high of $96.07. 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 market capitalization of $4.07 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 0.71 and a beta of 0.26.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $504.29 million. During the same period in the previous year, the firm earned $0.11 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. Sell-side analysts predict that Stride will post 6.66 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Todd Goldthwaite sold 8,028 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.54, for a total transaction of $734,883.12. Following the completion of the sale, the director now directly owns 85,058 shares of the company’s stock, valued at approximately $7,786,209.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Motco bought a new stake in shares of Stride in the 1st quarter valued at about $74,000. EntryPoint Capital LLC bought a new position in Stride in the first quarter worth approximately $77,000. nVerses Capital LLC purchased a new stake in Stride during the second quarter worth $78,000. Mendota Financial Group LLC bought a new stake in Stride during the 3rd quarter valued at $86,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Stride by 38.0% in the 1st quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company’s stock valued at $173,000 after acquiring an additional 754 shares during the period. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

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.