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

Key Points

• Stride, Inc. has received an average rating of “Moderate Buy” from analysts, with a price target set at $126.83.
• The company reported quarterly earnings of $2.02 per share, falling short of analysts' expectations, but its revenue increased 17.8% year-over-year.
• Institutional investors own 98.24% of Stride's stock, with significant increases in holdings by several hedge funds in recent quarters.

Stride, Inc. (NYSE:LRN - Get Free Report) has been given an average rating of "Moderate Buy" by the seven brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $126.8333.

LRN has been the subject of several recent research reports. Barrington Research reissued an "outperform" rating and issued a $170.00 price objective on shares of Stride in a research note on Thursday, July 24th. William Blair reissued an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Wall Street Zen raised shares of Stride from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Finally, Canaccord Genuity Group boosted their price objective on shares of Stride from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, April 28th.

Stride Trading Up 1.5%

LRN stock traded up $1.91 during mid-day trading on Friday, hitting $131.17. 182,291 shares of the company were exchanged, compared to its average volume of 764,709. The company has a quick ratio of 5.53, a current ratio of 5.61 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $5.71 billion, a P/E ratio of 20.46, a PEG ratio of 0.83 and a beta of 0.10. The business has a fifty day simple moving average of $139.80 and a 200-day simple moving average of $137.10. Stride has a 12-month low of $63.25 and a 12-month high of $162.30.

Institutional Investors Weigh In On Stride

Several institutional investors and hedge funds have recently made changes to their positions in LRN. Larson Financial Group LLC boosted its position in shares of Stride by 333.3% in the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company's stock worth $26,000 after buying an additional 160 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Stride by 140.5% in the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock valued at $34,000 after purchasing an additional 156 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Stride in the 4th quarter valued at about $41,000. CIBC Private Wealth Group LLC lifted its holdings in Stride by 85.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after purchasing an additional 178 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in Stride by 374.6% in the 1st quarter. Harbour Investments Inc. now owns 337 shares of the company's stock valued at $43,000 after purchasing an additional 266 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

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.