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

Stride, Inc. (NYSE:LRN - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $126.83.

A number of research analysts recently weighed in on the company. Wall Street Zen raised Stride from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Canaccord Genuity Group raised their price objective on Stride from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, April 28th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. William Blair reaffirmed an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Finally, Barrington Research raised their price objective on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th.

Stride Stock Down 0.0%

Shares of LRN traded down $0.01 on Monday, reaching $136.21. The stock had a trading volume of 378,311 shares, compared to its average volume of 859,683. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 0.89 and a beta of 0.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 5.53 and a current ratio of 5.61. The company has a 50-day simple moving average of $148.10 and a 200-day simple moving average of $133.85. Stride has a 12-month low of $63.25 and a 12-month high of $162.30.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). The firm had revenue of $613.38 million during the quarter, compared to analysts' expectations of $591.15 million. Stride had a net margin of 13.10% and a return on equity of 23.36%. The company's revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 EPS. Sell-side analysts predict that Stride will post 6.67 EPS for the current year.

Hedge Funds Weigh In On Stride

A number of hedge funds have recently bought and sold shares of LRN. Larson Financial Group LLC grew its stake in shares of Stride by 333.3% in the first quarter. Larson Financial Group LLC now owns 208 shares of the company's stock worth $26,000 after acquiring an additional 160 shares during the period. First Horizon Advisors Inc. grew its position in Stride by 140.5% in the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock worth $34,000 after purchasing an additional 156 shares during the period. Point72 Hong Kong Ltd bought a new stake in Stride in the 4th quarter worth approximately $41,000. CIBC Private Wealth Group LLC raised its stake in Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after buying an additional 178 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of Stride by 374.6% during the 1st quarter. Harbour Investments Inc. now owns 337 shares of the company's stock valued at $43,000 after buying an additional 266 shares during the period. Hedge funds and other institutional investors 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.