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

Key Points

• Stride, Inc. has received an average recommendation of "Moderate Buy" from analysts, with four out of six brokerages assigning a buy rating.
• The company's stock price target among analysts is $146.40, while recent performances show a significant EPS of $2.29, surpassing expectations.
• Insider trading activity includes CEO James Jeaho Rhyu selling 13,961 shares at an average price of $162.66, reducing his stake by 1.94%.

Shares of Stride, Inc. (NYSE:LRN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $146.40.

LRN has been the topic of several research reports. Barrington Research boosted their target price on Stride from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Wall Street Zen upgraded Stride from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Morgan Stanley boosted their price objective on Stride from $148.00 to $159.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th.

Insider Activity

In other Stride news, CEO James Jeaho Rhyu sold 13,961 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total transaction of $2,270,896.26. Following the sale, the chief executive officer directly owned 706,353 shares of the company's stock, valued at $114,895,378.98. The trade was a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Stride

Large investors have recently modified their holdings of the company. Two Sigma Investments LP raised its holdings in shares of Stride by 327.0% in the fourth quarter. Two Sigma Investments LP now owns 60,209 shares of the company's stock valued at $6,258,000 after acquiring an additional 46,109 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Stride by 165.5% during the 4th quarter. Squarepoint Ops LLC now owns 134,598 shares of the company's stock worth $13,989,000 after purchasing an additional 83,898 shares during the period. Vident Advisory LLC acquired a new stake in shares of Stride in the fourth quarter worth $297,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Stride by 0.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,985 shares of the company's stock worth $10,599,000 after purchasing an additional 383 shares during the period. Finally, Pacific Point Advisors LLC bought a new position in Stride in the 4th quarter worth approximately $208,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Trading Down 1.4%

NYSE LRN traded down $1.98 on Friday, hitting $142.09. 106,551 shares of the company were exchanged, compared to its average volume of 776,198. Stride has a twelve month low of $63.25 and a twelve month high of $171.17. The firm has a market capitalization of $6.20 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 0.83 and a beta of 0.22. The company's 50 day moving average price is $148.64 and its 200-day moving average price is $142.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.39 and a quick ratio of 5.27.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.46. Stride had a return on equity of 25.51% and a net margin of 11.97%.The business had revenue of $653.65 million for the quarter, compared to analysts' expectations of $626.23 million. During the same quarter last year, the business earned $1.42 earnings per share. The firm's quarterly revenue was up 22.4% compared to the same quarter last year. Analysts predict that Stride will post 6.67 earnings per share for the current fiscal 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.