Stride, Inc. (NYSE:LRN) Receives $97.50 Consensus PT from Brokerages

Stride, Inc. (NYSE:LRN) has received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $97.50.

LRN has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barrington Research increased their price objective on Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. BMO Capital Markets boosted their target price on Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Citigroup raised their price target on Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, Canaccord Genuity Group boosted their price target on Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd.

Insiders Place Their Bets

In other news, Director Todd Goldthwaite sold 8,028 shares of the business’s stock in a transaction dated 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 owns 85,058 shares of the company’s stock, valued at approximately $7,786,209.32. The trade was a 8.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Stride

Large investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its stake in shares of Stride by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the company’s stock valued at $1,417,000 after purchasing an additional 400 shares in the last quarter. Burney Co. increased its position in Stride by 9.7% during the 2nd quarter. Burney Co. now owns 35,765 shares of the company’s stock valued at $2,521,000 after buying an additional 3,173 shares in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new position in Stride during the second quarter valued at $13,127,000. Picton Mahoney Asset Management boosted its holdings in Stride by 19.4% in the second quarter. Picton Mahoney Asset Management now owns 74,356 shares of the company’s stock worth $5,242,000 after acquiring an additional 12,083 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Stride in the second quarter worth $78,000. Institutional investors own 98.24% of the company’s stock.

Stride Stock Down 0.8 %

LRN stock opened at $105.21 on Thursday. The company has a 50 day moving average price of $97.19 and a two-hundred day moving average price of $83.13. 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 stock has a market capitalization of $4.59 billion, a P/E ratio of 19.13, a PEG ratio of 0.80 and a beta of 0.30. Stride has a one year low of $54.81 and a one year high of $112.80.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. Stride had a net margin of 11.38% and a return on equity of 21.23%. The company had revenue of $551.08 million for the quarter, compared to analyst estimates of $504.29 million. During the same quarter last year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, sell-side analysts expect that Stride will post 6.66 EPS for the current year.

About Stride

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.