Stride, Inc. (NYSE:LRN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Stride, Inc. (NYSE:LRN) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $116.83.

A number of research analysts have recently commented on the stock. BMO Capital Markets increased their target price on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Barrington Research increased their target price on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Morgan Stanley increased their target price on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Canaccord Genuity Group raised their price objective on shares of Stride from $100.00 to $130.00 and gave the company a “buy” rating in a report on Monday, January 27th.

Stride Stock Up 1.9 %

LRN stock opened at $139.37 on Tuesday. The stock has a market capitalization of $6.07 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. Stride has a 12 month low of $56.17 and a 12 month high of $145.00. The firm has a 50-day moving average price of $122.83 and a 200-day moving average price of $101.49.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, equities research analysts anticipate that Stride will post 6.67 EPS for the current fiscal year.

Institutional Trading of Stride

Several large investors have recently modified their holdings of LRN. Principal Financial Group Inc. grew its position in shares of Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock worth $90,024,000 after buying an additional 645,835 shares during the period. Norges Bank acquired a new stake in shares of Stride during the 4th quarter worth approximately $45,306,000. Arrowstreet Capital Limited Partnership grew its position in shares of Stride by 783.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company’s stock worth $47,095,000 after buying an additional 401,838 shares during the period. William Blair Investment Management LLC grew its position in shares of Stride by 18.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock worth $256,397,000 after buying an additional 375,686 shares during the period. Finally, Cat Rock Capital Management LP acquired a new stake in shares of Stride during the 4th quarter worth approximately $36,694,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

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.