Stride, Inc. (NYSE:LRN) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts' consensus: Seven brokers rate Stride a consensus "Hold" (four hold, three buy) with an average 12‑month price target of $109.75.
• Shares trade around $88.84, below the average target, with a market cap of $3.78B and a PE of 13.52; the 12‑month range is $60.61–$171.17.
• Institutional ownership is very high at 98.24%, and several hedge funds and advisors have recently initiated or increased small positions in the stock.

Shares of Stride, Inc. (NYSE:LRN - Get Free Report) have been given a consensus rating of "Hold" by the seven brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $109.75.

A number of research firms recently commented on LRN. Barrington Research reiterated an "outperform" rating and issued a $125.00 target price on shares of Stride in a research note on Wednesday, January 28th. Wall Street Zen downgraded Stride from a "buy" rating to a "hold" rating in a research report on Saturday, January 31st. BMO Capital Markets reissued a "market perform" rating on shares of Stride in a research report on Tuesday, March 3rd. Weiss Ratings reissued a "hold (c+)" rating on shares of Stride in a research report on Monday, December 29th. Finally, Morgan Stanley cut their target price on Stride from $130.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Wednesday, December 17th.

Hedge Funds Weigh In On Stride

Hedge funds have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Stride in the 2nd quarter valued at $25,000. Financial Management Professionals Inc. acquired a new position in shares of Stride in the 3rd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company's stock valued at $28,000 after acquiring an additional 85 shares during the period. Toth Financial Advisory Corp increased its position in shares of Stride by 1,566.7% in the 3rd quarter. Toth Financial Advisory Corp now owns 200 shares of the company's stock valued at $30,000 after acquiring an additional 188 shares during the period. Finally, Richardson Financial Services Inc. increased its position in shares of Stride by 171.6% in the 3rd quarter. Richardson Financial Services Inc. now owns 277 shares of the company's stock valued at $41,000 after acquiring an additional 175 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Performance

Shares of LRN stock opened at $88.84 on Wednesday. The business's fifty day simple moving average is $85.86 and its 200-day simple moving average is $88.60. The company has a market cap of $3.78 billion, a PE ratio of 13.52, a PEG ratio of 0.55 and a beta of 0.05. The company has a current ratio of 7.27, a quick ratio of 7.19 and a debt-to-equity ratio of 0.31. Stride has a 12-month low of $60.61 and a 12-month high of $171.17.

Stride Company Profile

Stride, Inc NYSE: LRN is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company's blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.

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