Brokerages Set Stride, Inc. (NYSE:LRN) PT at $97.50

Shares of Stride, Inc. (NYSE:LRN) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $97.50.

Several equities research analysts have issued reports on LRN shares. Barrington Research lifted their target price on shares of Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. BMO Capital Markets lifted their target price on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group boosted their price target on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Citigroup boosted their price target on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th.

Stride Price Performance

NYSE:LRN opened at $111.29 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 0.80 and a beta of 0.32. The company has a 50 day moving average price of $105.71 and a 200-day moving average price of $87.87. Stride has a 1-year low of $54.81 and a 1-year high of $114.71.

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

Insider Buying and Selling at Stride

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LRN. Mendota Financial Group LLC acquired a new position in Stride in the third quarter valued at about $86,000. TD Private Client Wealth LLC increased its stake in Stride by 27.7% during the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock worth $167,000 after purchasing an additional 426 shares during the period. GAMMA Investing LLC increased its stake in Stride by 45.3% during the third quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock worth $176,000 after purchasing an additional 643 shares during the period. Central Pacific Bank Trust Division increased its stake in Stride by 24.2% during the third quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company’s stock worth $184,000 after purchasing an additional 420 shares during the period. Finally, Retirement Guys Formula LLC purchased a new stake in Stride during the third quarter worth about $203,000. 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.