Brokerages Set Stride, Inc. (NYSE:LRN) PT at $85.83

Stride, Inc. (NYSE:LRN) has been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $85.83.

Several brokerages recently weighed in on LRN. Citigroup cut shares of Stride from a “buy” rating to a “neutral” rating and raised their target price for the company from $77.00 to $90.00 in a report on Tuesday, August 20th. Canaccord Genuity Group assumed coverage on shares of Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price objective on the stock. Barrington Research reiterated an “outperform” rating and set a $90.00 target price on shares of Stride in a research note on Friday. StockNews.com raised Stride from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, BMO Capital Markets lifted their price target on Stride from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th.

Stride Stock Performance

NYSE:LRN opened at $71.75 on Friday. Stride has a 52 week low of $43.77 and a 52 week high of $88.02. The company has a fifty day simple moving average of $80.76 and a two-hundred day simple moving average of $72.21. The company has a quick ratio of 4.95, a current ratio of 5.10 and a debt-to-equity ratio of 0.38. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 0.74 and a beta of 0.26.

Stride (NYSE:LRN) last released its earnings results on Tuesday, August 6th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.15. The firm had revenue of $534.18 million during the quarter, compared to analyst estimates of $525.89 million. Stride had a return on equity of 19.12% and a net margin of 10.01%. Stride’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $1.01 earnings per share. As a group, equities analysts anticipate that Stride will post 5.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stride

Institutional investors and hedge funds have recently bought and sold shares of the stock. Motco purchased a new position in shares of Stride during the first quarter worth about $74,000. EntryPoint Capital LLC purchased a new position in Stride during the 1st quarter worth approximately $77,000. nVerses Capital LLC acquired a new position in Stride during the second quarter worth approximately $78,000. Mendota Financial Group LLC purchased a new stake in Stride in the third quarter valued at approximately $86,000. Finally, GAMMA Investing LLC lifted its stake in Stride by 25.9% in the first quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock valued at $87,000 after buying an additional 282 shares during the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

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.