Stride (NYSE:LRN) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Stride (NYSE:LRN) from a buy rating to a hold rating in a report released on Saturday morning.

Several other research analysts also recently weighed in on LRN. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stride in a report on Monday, December 29th. Barrington Research reiterated an “outperform” rating and issued a $125.00 target price on shares of Stride in a research note on Wednesday, January 28th. Zacks Research downgraded Stride from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Morgan Stanley lowered their price target on Stride from $130.00 to $95.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $125.00 price objective on shares of Stride in a report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $109.75.

Stride Price Performance

Stride stock opened at $86.44 on Friday. The stock has a market capitalization of $3.68 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.51 and a beta of 0.10. Stride has a 12-month low of $60.61 and a 12-month high of $171.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 7.27 and a quick ratio of 7.19. The firm’s 50-day moving average is $67.84 and its two-hundred day moving average is $109.25.

Hedge Funds Weigh In On Stride

A number of institutional investors and hedge funds have recently bought and sold shares of LRN. Vanguard Group Inc. grew its position in shares of Stride by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 4,883,571 shares of the company’s stock valued at $317,090,000 after buying an additional 340,838 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Stride by 1.3% during the third quarter. Invesco Ltd. now owns 1,805,508 shares of the company’s stock valued at $268,912,000 after purchasing an additional 23,488 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Stride by 37.2% during the 3rd quarter. William Blair Investment Management LLC now owns 1,511,080 shares of the company’s stock worth $225,060,000 after purchasing an additional 410,029 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Stride by 88.6% in the 2nd quarter. Squarepoint Ops LLC now owns 1,086,879 shares of the company’s stock worth $157,804,000 after purchasing an additional 510,641 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Stride by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,045,904 shares of the company’s stock valued at $151,873,000 after purchasing an additional 24,889 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Company Profile

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.