Stride, Inc. (NYSE:LRN - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $162.30 and last traded at $160.63, with a volume of 782416 shares trading hands. The stock had previously closed at $159.55.
Analyst Ratings Changes
Several analysts have recently weighed in on LRN shares. Canaccord Genuity Group boosted their target price on Stride from $145.00 to $155.00 and gave the company a "buy" rating in a report on Monday, April 28th. William Blair restated an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Barrington Research lifted their target price on shares of Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Stride presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.83.
Read Our Latest Research Report on LRN
Stride Trading Down 0.3 %
The firm has a market cap of $6.80 billion, a PE ratio of 26.08, a P/E/G ratio of 1.04 and a beta of 0.36. The company's fifty day moving average price is $133.81 and its two-hundred day moving average price is $120.95. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35.
Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). The business had revenue of $613.38 million during the quarter, compared to analysts' expectations of $591.15 million. Stride had a net margin of 12.30% and a return on equity of 22.42%. Stride's revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.60 EPS. As a group, sell-side analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Stride
Several institutional investors have recently made changes to their positions in LRN. Vanguard Group Inc. boosted its holdings in Stride by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company's stock worth $485,706,000 after buying an additional 69,888 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Stride by 18.0% in the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock worth $256,397,000 after acquiring an additional 375,686 shares during the period. Janus Henderson Group PLC increased its stake in Stride by 27.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company's stock valued at $155,251,000 after purchasing an additional 323,275 shares in the last quarter. Congress Asset Management Co. raised its holdings in Stride by 102.2% during the first quarter. Congress Asset Management Co. now owns 1,169,748 shares of the company's stock worth $147,973,000 after purchasing an additional 591,208 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Stride by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 970,395 shares of the company's stock worth $100,877,000 after purchasing an additional 5,694 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.
Stride Company Profile
(
Get Free Report)
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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