Stride (NYSE:LRN) Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Stride (NYSE:LRN - Free Report) from a hold rating to a buy rating in a report issued on Saturday.

Several other equities analysts also recently commented on the company. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. William Blair reaffirmed an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Barrington Research lifted their price objective on Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Canaccord Genuity Group upped their price objective on shares of Stride from $145.00 to $155.00 and gave the company a "buy" rating in a report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $126.83.

Stride Stock Performance

NYSE:LRN traded down $2.59 during trading on Friday, reaching $144.50. The company's stock had a trading volume of 767,242 shares, compared to its average volume of 852,791. Stride has a 12 month low of $63.25 and a 12 month high of $162.30. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.03 and a beta of 0.35. The firm has a 50 day moving average of $147.55 and a 200-day moving average of $131.42. 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 (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share 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 net margin of 13.10% and a return on equity of 23.36%. Stride's quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS. Research analysts expect that Stride will post 6.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Stride

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