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

Stride, Inc. (NYSE:LRN) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $120.17.

A number of research firms have commented on LRN. Canaccord Genuity Group boosted their price target on shares of Stride from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Morgan Stanley increased their price target on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Barrington Research reaffirmed an “outperform” rating and set a $140.00 price target on shares of Stride in a report on Friday, March 14th. Finally, BMO Capital Markets boosted their price objective on Stride from $134.00 to $139.00 and gave the stock an “outperform” rating in a research note on Tuesday.

Institutional Investors Weigh In On Stride

Hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Stride by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,821 shares of the company’s stock valued at $44,261,000 after acquiring an additional 16,114 shares during the last quarter. Townsquare Capital LLC lifted its position in Stride by 798.2% during the 3rd quarter. Townsquare Capital LLC now owns 27,044 shares of the company’s stock valued at $2,307,000 after purchasing an additional 24,033 shares during the period. Cynosure Group LLC bought a new position in shares of Stride in the 3rd quarter valued at about $373,000. Glenmede Trust Co. NA grew its position in shares of Stride by 3.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 25,990 shares of the company’s stock worth $2,217,000 after buying an additional 910 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Stride by 4.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,421 shares of the company’s stock worth $1,145,000 after buying an additional 625 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Trading Down 3.8 %

LRN stock opened at $125.57 on Friday. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5.47 billion, a P/E ratio of 20.96, a P/E/G ratio of 1.04 and a beta of 0.46. Stride has a 1-year low of $56.17 and a 1-year high of $145.00. The business’s 50 day moving average is $131.27 and its 200-day moving average is $109.09.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. Equities analysts anticipate that Stride will post 6.67 earnings per share for the current fiscal 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.