Stride, Inc. (NYSE:LRN) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Stride, Inc. (NYSE:LRN - Get Free Report) have received an average rating of "Moderate Buy" from the seven research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $126.83.

Several research analysts have recently commented on LRN shares. William Blair reiterated an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Canaccord Genuity Group lifted their target price on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Barrington Research lifted their target price on Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. Finally, Wall Street Zen upgraded Stride from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st.

Stride Stock Down 0.2%

Shares of NYSE:LRN traded down $0.26 during trading on Monday, hitting $136.02. 481,178 shares of the company were exchanged, compared to its average volume of 861,486. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 0.88 and a beta of 0.32. Stride has a fifty-two week low of $63.25 and a fifty-two week high of $162.30. The firm has a fifty day moving average price of $147.68 and a two-hundred day moving average price of $134.08. The company has a current ratio of 5.61, a quick ratio of 5.53 and a debt-to-equity ratio of 0.33.

Stride (NYSE:LRN - Get Free Report) last issued its 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). Stride had a return on equity of 23.36% and a net margin of 13.10%. The business had revenue of $613.38 million for the quarter, compared to the consensus estimate of $591.15 million. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The business's revenue was up 17.8% compared to the same quarter last year. As a group, research analysts anticipate that Stride will post 6.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stride

A number of institutional investors and hedge funds have recently bought and sold shares of the company. DAVENPORT & Co LLC acquired a new stake in shares of Stride in the first quarter valued at about $461,000. Canandaigua National Bank & Trust Co. bought a new stake in shares of Stride during the 1st quarter valued at about $273,000. GAMMA Investing LLC boosted its holdings in Stride by 14,892.4% in the first quarter. GAMMA Investing LLC now owns 370,013 shares of the company's stock worth $46,807,000 after acquiring an additional 367,545 shares in the last quarter. Kendall Capital Management boosted its holdings in Stride by 24.4% in the fourth quarter. Kendall Capital Management now owns 23,135 shares of the company's stock worth $2,404,000 after acquiring an additional 4,545 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Stride by 120.6% in the fourth quarter. Wellington Management Group LLP now owns 607,581 shares of the company's stock worth $63,146,000 after acquiring an additional 332,098 shares in the last quarter. Institutional investors and hedge funds 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.