Stride, Inc. (NYSE:LRN) Receives $90.17 Average Target Price from Analysts

Shares of Stride, Inc. (NYSE:LRN) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $90.17.

A number of equities research analysts have commented on the company. Citigroup increased their target price on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. BMO Capital Markets increased their price objective on Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Canaccord Genuity Group boosted their target price on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group started coverage on shares of Stride in a research note on Thursday, August 8th. They set a “buy” rating and a $94.00 price target on the stock. Finally, Barrington Research boosted their price objective on shares of Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd.

Insider Activity

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of Stride stock in a transaction on Friday, October 25th. The shares were sold at an average price of $91.54, for a total value of $734,883.12. Following the transaction, the director now owns 85,058 shares in the company, valued at $7,786,209.32. This trade represents a 8.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Stride by 795.5% during the second quarter. Blue Trust Inc. now owns 11,543 shares of the company’s stock valued at $814,000 after buying an additional 10,254 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Stride during the 2nd quarter valued at $534,000. International Assets Investment Management LLC boosted its position in Stride by 8,431.7% during the 3rd quarter. International Assets Investment Management LLC now owns 5,119 shares of the company’s stock worth $437,000 after purchasing an additional 5,059 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Stride by 24.6% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,000 shares of the company’s stock worth $3,071,000 after purchasing an additional 7,100 shares during the period. Finally, Quest Partners LLC increased its holdings in Stride by 20,248.8% in the 3rd quarter. Quest Partners LLC now owns 8,343 shares of the company’s stock valued at $712,000 after purchasing an additional 8,302 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Stock Down 0.2 %

LRN stock opened at $106.87 on Friday. The company has a market cap of $4.66 billion, a P/E ratio of 19.43, a P/E/G ratio of 0.80 and a beta of 0.27. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $89.13 and its 200 day moving average price is $79.22. Stride has a 52 week low of $54.81 and a 52 week high of $108.48.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.72. The company had revenue of $551.08 million during the quarter, compared to analysts’ expectations of $504.29 million. Stride had a net margin of 11.38% and a return on equity of 21.23%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share. On average, research analysts expect that Stride will post 6.66 earnings per share for the current fiscal year.

Stride Company Profile

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.