Stride, Inc. (NYSE:LRN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Stride, Inc. (NYSE:LRN) have earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $119.33.

A number of research firms have recently weighed in on LRN. Morgan Stanley boosted their price target on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Barrington Research reissued an “outperform” rating and issued a $140.00 target price on shares of Stride in a research note on Friday, March 14th. Canaccord Genuity Group upped their target price on shares of Stride from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets lifted their price target on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th.

Institutional Trading of Stride

A number of hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new position in shares of Stride during the 4th quarter worth about $37,000. CIBC Private Wealth Group LLC increased its position in Stride by 85.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock worth $42,000 after purchasing an additional 178 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Stride during the fourth quarter worth approximately $41,000. Covestor Ltd raised its stake in Stride by 51.6% during the fourth quarter. Covestor Ltd now owns 632 shares of the company’s stock worth $66,000 after purchasing an additional 215 shares during the period. Finally, Gen Wealth Partners Inc acquired a new position in shares of Stride in the 4th quarter valued at $75,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Price Performance

Shares of NYSE LRN opened at $126.16 on Friday. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.04 and a beta of 0.46. The company’s 50-day moving average price is $130.15 and its 200 day moving average price is $107.42. Stride has a 52 week low of $56.17 and a 52 week high of $145.00.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating the consensus estimate 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, research analysts forecast that Stride will post 6.67 earnings per share for the current fiscal year.

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.