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

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

LRN has been the subject of a number of analyst reports. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Canaccord Genuity Group lifted 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. Barrington Research upped their price objective on shares of Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, William Blair reissued an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th.

Stride Stock Performance

Shares of LRN stock traded up $0.10 during trading hours on Friday, reaching $157.05. The stock had a trading volume of 645,137 shares, compared to its average volume of 841,886. The firm has a market capitalization of $6.84 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36. The firm has a 50-day simple moving average of $137.88 and a 200-day simple moving average of $123.96. Stride has a twelve month low of $63.25 and a twelve month high of $162.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Stride by 293.1% in the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after acquiring an additional 645,835 shares during the last quarter. Congress Asset Management Co. raised its holdings in shares of Stride by 102.2% in the 1st quarter. Congress Asset Management Co. now owns 1,169,748 shares of the company's stock worth $147,973,000 after purchasing an additional 591,208 shares in the last quarter. Norges Bank acquired a new stake in Stride during the fourth quarter valued at approximately $45,306,000. Arrowstreet Capital Limited Partnership lifted its stake in Stride by 783.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company's stock valued at $47,095,000 after purchasing an additional 401,838 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in Stride by 18.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock worth $256,397,000 after buying an additional 375,686 shares in the last quarter. Institutional investors 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.