Stride (NYSE:LRN) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Stride (NYSE:LRN) from a hold rating to a buy rating in a research note issued to investors on Monday.

LRN has been the subject of a number of other reports. Morgan Stanley decreased their price objective on Stride from $130.00 to $95.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. BMO Capital Markets set a $108.00 price target on Stride and gave the stock a “market perform” rating in a report on Wednesday, October 29th. Canaccord Genuity Group raised their price objective on Stride from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stride in a report on Monday, December 29th. Finally, Barrington Research reduced their target price on shares of Stride from $185.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $125.75.

Stride Stock Performance

NYSE LRN opened at $67.49 on Monday. The company has a market cap of $2.96 billion, a P/E ratio of 10.41, a PEG ratio of 0.39 and a beta of 0.06. The company has a fifty day simple moving average of $67.19 and a 200 day simple moving average of $118.55. The company has a current ratio of 6.78, a quick ratio of 6.69 and a debt-to-equity ratio of 0.32. Stride has a 12-month low of $60.61 and a 12-month high of $171.17.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, October 28th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.29. The firm had revenue of $620.88 million for the quarter, compared to analyst estimates of $615.50 million. Stride had a net margin of 12.76% and a return on equity of 26.29%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $0.94 earnings per share. Sell-side analysts predict that Stride will post 6.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stride

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC raised its position in Stride by 37.5% in the second quarter. Golden State Wealth Management LLC now owns 275 shares of the company’s stock worth $40,000 after acquiring an additional 75 shares during the period. Rezny Wealth Management Inc. increased its stake in shares of Stride by 0.6% during the 2nd quarter. Rezny Wealth Management Inc. now owns 14,152 shares of the company’s stock worth $2,055,000 after purchasing an additional 83 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of Stride by 2.9% in the 1st quarter. Vident Advisory LLC now owns 2,941 shares of the company’s stock worth $372,000 after purchasing an additional 84 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Stride by 78.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after purchasing an additional 85 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Stride by 3.1% during the second quarter. Quadrant Capital Group LLC now owns 3,173 shares of the company’s stock valued at $461,000 after purchasing an additional 94 shares during the period. 98.24% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Stride

Here are the key news stories impacting Stride this week:

• Positive Sentiment: Wall Street Zen upgraded LRN to a Buy, providing near‑term bullish catalyst and likely contributing to upward price pressure. Read More.
• Neutral Sentiment: Independent reporting examines the substantive allegations — alleged enrollment inflation and compliance gaps — giving investors context on why plaintiff firms are pursuing claims and what corporate disclosures/information gaps are under scrutiny. Read More.
• Negative Sentiment: A large number of plaintiff firms (Hagens Berman, Faruqi & Faruqi, Bragar Eagel & Squire, Schall Law, DJS Law Group, Berger Montague, BFA Law, Bernstein Liebhard, Gross Law and others) have filed notices or are soliciting investors to serve as lead plaintiff in a securities class action tied to the same class period; multiple firm notices warn of alleged undisclosed operational failures and invite claimants ahead of the Jan. 12 deadline — this increases potential legal, remediation and reputational costs for Stride. Representative filings/alerts: Read More., Read More., Read More.

Stride Company Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.