Stride, Inc. (NYSE:LRN) Given Consensus 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%.

Stride, Inc. (NYSE:LRN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $146.40.

A number of research firms recently issued reports on LRN. Morgan Stanley raised their target price on shares of Stride from $148.00 to $159.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Stride from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Barrington Research lifted their price target on shares of Stride from $170.00 to $185.00 and gave the company an "outperform" rating in a report on Friday, August 29th.

Insider Buying and Selling

In other Stride news, CEO James Jeaho Rhyu sold 13,961 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total value of $2,270,896.26. Following the completion of the sale, the chief executive officer owned 706,353 shares of the company's stock, valued at approximately $114,895,378.98. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP lifted its stake in 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 during the last quarter. Squarepoint Ops LLC lifted its stake in Stride by 165.5% in the fourth quarter. Squarepoint Ops LLC now owns 134,598 shares of the company's stock valued at $13,989,000 after acquiring an additional 83,898 shares during the last quarter. Vident Advisory LLC acquired a new stake in Stride in the fourth quarter valued at $297,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Stride by 0.4% during the 4th 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 buying an additional 383 shares during the last quarter. Finally, Pacific Point Advisors LLC acquired a new stake in Stride in the 4th quarter worth about $208,000. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Stock Up 0.9%

Shares of Stride stock traded up $1.20 during midday trading on Friday, reaching $142.07. 1,132,645 shares of the company's stock traded hands, compared to its average volume of 760,015. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 0.83 and a beta of 0.22. The company's 50 day simple moving average is $148.46 and its 200 day simple moving average is $142.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.27 and a current ratio of 5.39. Stride has a 52 week low of $63.25 and a 52 week high of $171.17.

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