Analysts Set Stride, Inc. (NYSE:LRN) Price Target at $126.83

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

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

Stride Price Performance

Shares of LRN traded up $0.08 during trading hours on Monday, reaching $136.36. The stock had a trading volume of 166,104 shares, compared to its average volume of 858,708. The stock has a market capitalization of $5.93 billion, a PE ratio of 21.27, a PEG ratio of 0.88 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. Stride has a 12 month low of $63.25 and a 12 month high of $162.30. The company's 50-day moving average is $147.97 and its two-hundred day moving average is $133.86.

Stride (NYSE:LRN - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.07). The company had revenue of $613.38 million for the quarter, compared to the consensus estimate of $591.15 million. Stride had a return on equity of 23.36% and a net margin of 13.10%. The firm's revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.60 earnings per share. Research analysts expect that Stride will post 6.67 EPS for the current year.

Hedge Funds Weigh In On Stride

A number of hedge funds have recently added to or reduced their stakes in the stock. Vident Advisory LLC boosted its stake in Stride by 2.9% during the 1st quarter. Vident Advisory LLC now owns 2,941 shares of the company's stock valued at $372,000 after purchasing an additional 84 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Stride by 1.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company's stock valued at $675,000 after purchasing an additional 93 shares during the last quarter. Arizona State Retirement System boosted its stake in Stride by 0.8% during the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company's stock valued at $1,240,000 after purchasing an additional 99 shares during the last quarter. Vestcor Inc boosted its stake in Stride by 4.6% during the 1st quarter. Vestcor Inc now owns 2,328 shares of the company's stock valued at $294,000 after purchasing an additional 102 shares during the last quarter. Finally, Bosun Asset Management LLC boosted its stake in Stride by 1.4% during the 4th quarter. Bosun Asset Management LLC now owns 8,292 shares of the company's stock valued at $862,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Company Profile

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.