Brokerages Set Stride, Inc. (NYSE:LRN) PT at $126.83

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

A number of research analysts have recently commented on LRN shares. William Blair reaffirmed an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Barrington Research raised 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. Canaccord Genuity Group raised their price objective on shares of Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Stride in a report on Thursday, May 1st.

Institutional Investors Weigh In On Stride

Several institutional investors have recently added to or reduced their stakes in LRN. Principal Financial Group Inc. lifted its position 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 in the last quarter. Congress Asset Management Co. lifted its position in Stride by 102.2% in the 1st quarter. Congress Asset Management Co. now owns 1,169,748 shares of the company's stock valued at $147,973,000 after acquiring an additional 591,208 shares in the last quarter. Norges Bank bought a new stake in Stride in the 4th quarter valued at $45,306,000. Arrowstreet Capital Limited Partnership lifted its position in Stride by 783.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company's stock valued at $47,095,000 after acquiring an additional 401,838 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in Stride by 18.0% in the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock valued at $256,397,000 after acquiring an additional 375,686 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

Stride Stock Down 0.9%

Shares of Stride stock traded down $1.36 on Friday, hitting $153.03. 716,824 shares of the company traded hands, compared to its average volume of 841,195. The company has a market cap of $6.66 billion, a PE ratio of 25.55, a PEG ratio of 1.04 and a beta of 0.36. Stride has a 12-month low of $63.25 and a 12-month high of $162.30. The company has a 50-day moving average price of $139.89 and a 200 day moving average price of $125.00. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35.

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

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.