Stride, Inc. (NYSE:LRN) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analysts give Stride a consensus "Hold" rating (four hold, two buy) with an average 1‑year price target of $109.75, while some firms (Canaccord, Barrington) maintain higher $125 targets.
• Stride's most recent quarter beat EPS expectations with $2.30 vs. $2.21 consensus and reported $629.87M in revenue (up 2.7% YoY), with a 12.15% net margin and 25.20% ROE.
• Shares opened at $93.13 (market cap ~$3.96B) with a P/E of 14.37 and a 52‑week range of $60.61–$171.17; institutional investors own about 98.24% of the stock.

Shares of Stride, Inc. (NYSE:LRN - Get Free Report) have been given an average rating of "Hold" by the six analysts that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $109.75.

A number of research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Stride from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Weiss Ratings restated a "hold (c)" rating on shares of Stride in a report on Friday, April 10th. BMO Capital Markets restated a "market perform" rating on shares of Stride in a report on Tuesday, March 3rd. Canaccord Genuity Group restated a "buy" rating and set a $125.00 price target on shares of Stride in a report on Wednesday, January 28th. Finally, Barrington Research restated an "outperform" rating and set a $125.00 price target on shares of Stride in a report on Thursday, April 16th.

Stride Stock Down 4.1%

Stride stock opened at $93.13 on Friday. The company has a market capitalization of $3.96 billion, a P/E ratio of 14.37, a P/E/G ratio of 0.57 and a beta of 0.13. The firm's fifty day simple moving average is $89.34 and its 200-day simple moving average is $83.13. The company has a current ratio of 6.21, a quick ratio of 7.19 and a debt-to-equity ratio of 0.29. Stride has a 1-year low of $60.61 and a 1-year high of $171.17.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.09. The business had revenue of $629.87 million for the quarter, compared to the consensus estimate of $629.69 million. Stride had a net margin of 12.15% and a return on equity of 25.20%. Stride's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.02 EPS. Sell-side analysts forecast that Stride will post 8.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LRN. Northwestern Mutual Wealth Management Co. raised its holdings in Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company's stock worth $28,000 after acquiring an additional 85 shares during the period. Campbell Newman Asset Management Inc. raised its holdings in Stride by 0.4% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 24,272 shares of the company's stock worth $3,615,000 after acquiring an additional 101 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in Stride by 5.4% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,168 shares of the company's stock worth $323,000 after acquiring an additional 111 shares during the period. Farther Finance Advisors LLC raised its holdings in Stride by 13.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 978 shares of the company's stock worth $146,000 after acquiring an additional 115 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Stride by 62.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company's stock worth $43,000 after acquiring an additional 131 shares during the period. Institutional investors own 98.24% of the company's stock.

About Stride

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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