Brokerages Set Stride, Inc. (NYSE:LRN) Target Price at $109.75

Shares of Stride, Inc. (NYSE:LRN) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $109.75.

LRN has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Stride in a report on Wednesday, July 8th. BMO Capital Markets reissued a “market perform” rating on shares of Stride in a report on Monday, June 15th. Finally, William Blair cut shares of Stride from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th.

Stride Stock Performance

NYSE LRN opened at $83.18 on Tuesday. The firm has a market capitalization of $3.46 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 0.48 and a beta of 0.11. The company has a current ratio of 5.94, a quick ratio of 5.81 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $87.01 and its two-hundred day moving average price is $88.21. Stride has a 1 year low of $60.61 and a 1 year high of $171.17.

Institutional Investors Weigh In On Stride

A number of institutional investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. bought a new stake in shares of Stride in the second quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. grew its stake in Stride by 78.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after buying an additional 85 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Stride in the 4th quarter valued at approximately $35,000. EverSource Wealth Advisors LLC boosted its position in shares of Stride by 108.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company’s stock worth $38,000 after acquiring an additional 225 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Stride by 482.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 617 shares of the company’s stock valued at $40,000 after purchasing an additional 511 shares in the last quarter. 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.