Stride, Inc. (NYSE:LRN) Receives Average Rating of "Moderate Buy" from Brokerages

Stride, Inc. (NYSE:LRN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $126.83.

A number of research firms recently weighed in on LRN. William Blair restated an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Barrington Research upped their target price on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Canaccord Genuity Group upped their target price on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Wall Street Zen cut Stride from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research report on Thursday, May 1st.

Stride Trading Up 0.8%

NYSE:LRN traded up $1.10 during trading hours on Thursday, hitting $143.06. The company had a trading volume of 486,743 shares, compared to its average volume of 856,559. 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 company has a 50-day moving average of $146.04 and a 200 day moving average of $129.92. The company has a market cap of $6.23 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.04 and a beta of 0.35. Stride has a 1 year low of $63.25 and a 1 year high of $162.30.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). Stride had a net margin of 12.30% and a return on equity of 22.42%. The company had revenue of $613.38 million during the quarter, compared to analyst estimates of $591.15 million. During the same period in the prior year, the business earned $1.60 EPS. Stride's revenue for the quarter was up 17.8% on a year-over-year basis. Sell-side analysts expect that Stride will post 6.67 earnings per share for the current year.

Institutional Trading of Stride

Several hedge funds have recently added to or reduced their stakes in LRN. Larson Financial Group LLC increased its holdings in Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company's stock worth $26,000 after purchasing an additional 160 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Stride by 140.5% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock worth $34,000 after acquiring an additional 156 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Stride in the fourth quarter valued at approximately $41,000. CIBC Private Wealth Group LLC raised its position in shares of Stride by 85.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after buying an additional 178 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in Stride by 374.6% in the first quarter. Harbour Investments Inc. now owns 337 shares of the company's stock valued at $43,000 after acquiring an additional 266 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

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.