Stride, Inc. (NYSE:LRN) Receives $72.00 Consensus Price Target from Analysts

Stride, Inc. (NYSE:LRN) has received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $72.00.

LRN has been the subject of several recent research reports. BMO Capital Markets increased their price objective on Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, Barrington Research reissued an “outperform” rating and issued a $75.00 price target on shares of Stride in a research note on Wednesday, April 24th.

Stride Trading Down 0.0 %

Shares of NYSE LRN opened at $68.75 on Thursday. The company has a current ratio of 4.29, a quick ratio of 4.21 and a debt-to-equity ratio of 0.40. Stride has a one year low of $35.61 and a one year high of $73.32. The business has a 50-day moving average price of $69.41 and a two-hundred day moving average price of $63.37. The firm has a market capitalization of $2.97 billion, a PE ratio of 16.14, a PEG ratio of 0.77 and a beta of 0.28.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.47 by $0.13. The business had revenue of $520.84 million during the quarter, compared to analysts’ expectations of $507.89 million. Stride had a net margin of 9.29% and a return on equity of 18.29%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $1.30 earnings per share. As a group, analysts predict that Stride will post 4.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. McGlone Suttner Wealth Management Inc. bought a new position in shares of Stride in the fourth quarter valued at approximately $29,000. McIlrath & Eck LLC acquired a new position in Stride during the 3rd quarter worth $31,000. Strs Ohio bought a new stake in Stride during the fourth quarter valued at about $47,000. GAMMA Investing LLC acquired a new stake in shares of Stride in the fourth quarter valued at about $65,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Stride by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock worth $66,000 after purchasing an additional 483 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.