Stride, Inc. (NYSE:LRN) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Wall Street’s consensus rating is “Hold”: Four of seven analysts rate Stride shares a hold and three recommend buying. The average 12-month price target is $95.75.
• Stride exceeded quarterly expectations: The company reported $2.12 in quarterly EPS versus the $1.64 consensus estimate, while revenue of $636.06 million also topped forecasts. However, revenue declined 2.7% year over year.
• Shares have pulled back: Stride opened at $75.54, down 1.5%, and remains below its 50-day and 200-day moving averages. Institutional investors own 98.24% of the stock.

Shares of Stride, Inc. (NYSE:LRN - Get Free Report) have been given an average recommendation of "Hold" by the seven research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $95.75.

A number of equities research analysts recently weighed in on LRN shares. BMO Capital Markets reaffirmed an "outperform" rating and set a $38.00 price objective on shares of Stride in a research report on Wednesday, September 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Stride in a research report on Wednesday, July 8th. Finally, William Blair cut shares of Stride from an "outperform" rating to a "market perform" rating in a report on Thursday, July 30th.

Stride Trading Down 1.5%

NYSE:LRN opened at $75.54 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 5.81 and a current ratio of 5.94. The firm has a 50-day simple moving average of $83.19 and a 200-day simple moving average of $87.84. Stride has a one year low of $60.61 and a one year high of $155.06. The firm has a market cap of $3.14 billion, a P/E ratio of 10.49, a P/E/G ratio of 0.44 and a beta of 0.11.

Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.48. The company had revenue of $636.06 million during the quarter, compared to the consensus estimate of $626.52 million. Stride had a net margin of 13.43% and a return on equity of 23.49%. Stride's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.29 earnings per share. Equities analysts anticipate that Stride will post 8.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its stake in shares of Stride by 61.0% during the first quarter. Janus Henderson Group PLC now owns 2,277,279 shares of the company's stock worth $200,799,000 after acquiring an additional 862,849 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Stride in the 2nd quarter worth approximately $2,485,000. Kendall Capital Management acquired a new position in Stride during the 2nd quarter valued at approximately $2,294,000. JB Capital Partners LP purchased a new position in shares of Stride in the second quarter worth $3,018,400. Finally, Granite Investment Partners LLC acquired a new stake in shares of Stride during the first quarter worth $9,417,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Stride Company Profile

Stride, Inc is an education technology company that provides online and blended learning programs for students from kindergarten through grade 12. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instructional services and technology that support personalized learning.

Its offerings include full-time online public school programs, supplemental courses, career-focused learning and workforce-oriented education.

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