Stride, Inc. (NYSE:LRN) Receives $116.83 Consensus PT from Analysts

Shares of Stride, Inc. (NYSE:LRN) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $116.83.

LRN has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. BMO Capital Markets increased their price objective on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Canaccord Genuity Group increased their price objective on shares of Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Barrington Research raised their price target on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th.

Institutional Investors Weigh In On Stride

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its stake in Stride by 1.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock valued at $675,000 after buying an additional 93 shares during the last quarter. Arizona State Retirement System increased its stake in Stride by 0.8% in the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company’s stock valued at $1,240,000 after buying an additional 99 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Stride by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock valued at $2,151,000 after buying an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Stride by 1.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock worth $1,047,000 after purchasing an additional 100 shares during the last quarter. Finally, Bosun Asset Management LLC increased its stake in shares of Stride by 1.4% during the 4th quarter. Bosun Asset Management LLC now owns 8,292 shares of the company’s stock worth $862,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Price Performance

LRN stock opened at $133.24 on Tuesday. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 1.04 and a beta of 0.32. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. Stride has a 12-month low of $56.17 and a 12-month high of $145.00. The company’s fifty day simple moving average is $124.94 and its 200 day simple moving average is $102.57.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. On average, analysts expect that Stride will post 6.67 earnings per share for the current year.

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.