Shares of Stride, Inc. (NYSE:LRN - Get Free Report) have been given a consensus rating of "Hold" by the seven ratings firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $109.75.
A number of research analysts have commented on the company. William Blair downgraded Stride from an "outperform" rating to a "market perform" rating in a report on Thursday, July 30th. BMO Capital Markets reiterated a "market perform" rating on shares of Stride in a report on Monday, June 15th. Barrington Research reissued an "outperform" rating and set a $125.00 price target on shares of Stride in a research report on Thursday, April 16th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Stride in a research note on Wednesday, July 8th.
Read Our Latest Stock Report on Stride
Stride Stock Performance
Shares of Stride stock opened at $80.62 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 5.81 and a current ratio of 5.94. Stride has a 1 year low of $60.61 and a 1 year high of $171.17. The firm's 50-day simple moving average is $88.50 and its 200-day simple moving average is $88.08. The firm has a market cap of $3.35 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 0.48 and a beta of 0.11.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. acquired a new stake in Stride during the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. boosted its stake in Stride by 78.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company's stock valued at $28,000 after acquiring an additional 85 shares during the period. Leonteq Securities AG bought a new position in shares of Stride during the fourth quarter valued at approximately $35,000. EverSource Wealth Advisors LLC grew its holdings in shares of Stride by 108.7% during the first quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company's stock valued at $38,000 after purchasing an additional 225 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Stride by 482.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 617 shares of the company's stock valued at $40,000 after purchasing an additional 511 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.
Stride Company Profile
(
Get Free Report)
Stride, Inc NYSE: LRN is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company's blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.
In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.
See Also
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