Stride - LRN Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Stride in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" LRN shares.
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3 brokers have issued 12 month price targets for Stride's shares. Their LRN share price forecasts range from $46.00 to $50.00. On average, they predict the company's stock price to reach $48.00 in the next year. This suggests a possible upside of 12.0% from the stock's current price.
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Stride's stock was trading at $31.28 on January 1st, 2023. Since then, LRN shares have increased by 37.0% and is now trading at $42.85.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our LRN earnings forecast.

Stride, Inc. (NYSE:LRN) announced its quarterly earnings data on Tuesday, January, 24th. The company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.12. The company earned $458.44 million during the quarter, compared to the consensus estimate of $443.23 million. Stride had a trailing twelve-month return on equity of 12.30% and a net margin of 5.63%. Stride's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the business earned $1.00 EPS.

Stride updated its third quarter 2023 earnings guidance on Tuesday, January, 24th. The company provided EPS guidance of for the period. The company issued revenue guidance of $445.00 million-$465.00 million, compared to the consensus revenue estimate of $436.30 million.

83 employees have rated Stride Chief Executive Officer Nate Davis on Glassdoor.com. Nate Davis has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Stride investors own include AbbVie (ABBV), Advanced Micro Devices (AMD), Pfizer (PFE), NVIDIA (NVDA), QUALCOMM (QCOM), Shopify (SHOP), Chegg (CHGG), PayPal (PYPL), Cisco Systems (CSCO) and JD.com (JD).

Stride trades on the New York Stock Exchange (NYSE) under the ticker symbol "LRN."

Stride's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Rice Hall James & Associates LLC (2.86%), Sycomore Asset Management (0.48%), New York State Common Retirement Fund (0.47%), Lapides Asset Management LLC (0.35%), Moody Aldrich Partners LLC (0.22%) and Bank of Montreal Can (0.19%). Insiders that own company stock include James Jeaho Rhyu, Kevin Chavous, Nathaniel A Davis, Shaun Mcalmont and Vincent Mathis.
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Shares of LRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LRN stock can currently be purchased for approximately $42.85.

Stride (NYSE:LRN) has a market capitalization of $1.85 billion and generates $1.69 billion in revenue each year. The company earns $107.13 million in net income (profit) each year or $2.33 on an earnings per share basis.

The company employs 7,500 workers across the globe.

Stride's mailing address is 2300 Corporate Park Drive, Herndon VA, 20171. The official website for the company is www.k12.com. The company can be reached via phone at (703) 483-7000, via email at mkraft@k12.com, or via fax at 703-483-7330.