Stride, Inc. (NYSE:LRN) Receives $109.75 Consensus Price Target from Brokerages

Shares of Stride, Inc. (NYSE:LRN) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $95.75.

A number of research analysts have weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $38.00 target price on shares of Stride in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a report on Wednesday, July 8th. Finally, William Blair downgraded Stride from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LRN. Janus Henderson Group PLC boosted its position in Stride by 61.0% during the first quarter. Janus Henderson Group PLC now owns 2,277,279 shares of the company’s stock worth $200,799,000 after purchasing an additional 862,849 shares during the period. Vanguard Group Inc. raised its position in shares of Stride by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 4,883,571 shares of the company’s stock valued at $317,090,000 after purchasing an additional 340,838 shares during the period. Kendall Capital Management purchased a new stake in shares of Stride during the 2nd quarter valued at approximately $2,294,000. JB Capital Partners LP purchased a new stake in shares of Stride during the 2nd quarter valued at approximately $3,018,400. Finally, Fifth Third Bancorp boosted its holdings in Stride by 18,660.7% in the 1st quarter. Fifth Third Bancorp now owns 54,406 shares of the company’s stock worth $4,797,000 after buying an additional 54,116 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Trading Up 0.7%

Shares of Stride stock opened at $82.05 on Friday. The firm has a market cap of $3.41 billion, a PE ratio of 11.40, a P/E/G ratio of 0.47 and a beta of 0.11. Stride has a 1 year low of $60.61 and a 1 year high of $161.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.94 and a quick ratio of 5.81. The stock has a fifty day moving average price of $85.31 and a 200-day moving average price of $88.28.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.48. Stride had a net margin of 13.43% and a return on equity of 23.49%. The company had revenue of $636.06 million for the quarter, compared to the consensus estimate of $626.52 million. During the same period in the previous year, the firm earned $2.29 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. Equities research analysts anticipate that Stride will post 8.62 EPS for the current year.

Stride Company Profile

Stride, Inc is an education technology company that provides online and blended learning programs for students from kindergarten through grade 12. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instructional services and technology that support personalized learning.

Its offerings include full-time online public school programs, supplemental courses, career-focused learning and workforce-oriented education.