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

Key Points

• Stride, Inc. has received a consensus rating of "Moderate Buy" from seven research firms, with an average one-year price target of $146.40.
• The company's recent quarterly earnings reported $2.29 earnings per share, exceeding estimates, with revenue up 22.4% year-over-year.
• Institutional investors own 98.24% of the stock, with significant recent activity including increasing their holdings and new acquisitions.

Shares of Stride, Inc. (NYSE:LRN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $146.40.

A number of equities analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of Stride from $148.00 to $159.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Weiss Ratings reiterated a "buy (b)" rating on shares of Stride in a research report on Wednesday, October 8th. Wall Street Zen downgraded Stride from a "buy" rating to a "hold" rating in a report on Saturday, October 4th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $185.00 price target on shares of Stride in a research note on Tuesday, September 23rd.

Stride Trading Up 0.9%

NYSE LRN opened at $146.29 on Wednesday. The stock has a market capitalization of $6.38 billion, a P/E ratio of 24.30, a PEG ratio of 0.82 and a beta of 0.07. Stride has a 12 month low of $63.25 and a 12 month high of $171.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.39 and a quick ratio of 5.27. The firm's 50-day moving average is $153.30 and its two-hundred day moving average is $145.20.

Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.46. Stride had a net margin of 11.97% and a return on equity of 25.51%. The business had revenue of $653.65 million for the quarter, compared to analysts' expectations of $626.23 million. During the same quarter in the prior year, the company earned $1.42 earnings per share. The business's quarterly revenue was up 22.4% on a year-over-year basis. On average, sell-side analysts anticipate that Stride will post 6.67 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO James Jeaho Rhyu sold 13,961 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total transaction of $2,270,896.26. Following the completion of the sale, the chief executive officer owned 706,353 shares in the company, valued at approximately $114,895,378.98. The trade was a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LRN. Farther Finance Advisors LLC lifted its holdings in shares of Stride by 13.3% in the third quarter. Farther Finance Advisors LLC now owns 978 shares of the company's stock valued at $146,000 after buying an additional 115 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Stride in the 3rd quarter valued at approximately $1,854,000. Somerset Trust Co acquired a new stake in Stride in the 3rd quarter valued at approximately $421,000. Legacy Wealth Asset Management LLC lifted its position in shares of Stride by 5.8% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 2,593 shares of the company's stock worth $386,000 after acquiring an additional 142 shares during the period. Finally, Toth Financial Advisory Corp lifted its position in shares of Stride by 1,566.7% during the 3rd quarter. Toth Financial Advisory Corp now owns 200 shares of the company's stock worth $30,000 after buying an additional 188 shares during the period. 98.24% of the stock is currently owned by institutional investors.

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.

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