Stride, Inc. (NYSE:LRN) Given Average Recommendation of “Hold” by Brokerages

Stride, Inc. (NYSE:LRN) has received an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $109.75.

LRN has been the topic of several recent analyst reports. BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a report on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Stride in a report on Friday, April 10th. Barrington Research restated an “outperform” rating and set a $125.00 price objective on shares of Stride in a report on Thursday, April 16th. Wall Street Zen downgraded shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Canaccord Genuity Group restated a “buy” rating and set a $125.00 price objective on shares of Stride in a report on Wednesday, January 28th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new position in shares of Stride during the 2nd quarter worth about $25,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Stride by 78.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after purchasing an additional 85 shares during the period. Leonteq Securities AG bought a new position in shares of Stride during the 4th quarter worth about $35,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Stride by 482.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 617 shares of the company’s stock worth $40,000 after purchasing an additional 511 shares during the period. Finally, Richardson Financial Services Inc. increased its holdings in shares of Stride by 171.6% during the 3rd quarter. Richardson Financial Services Inc. now owns 277 shares of the company’s stock worth $41,000 after purchasing an additional 175 shares during the period. Institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

Shares of LRN opened at $93.13 on Friday. The company has a market capitalization of $3.96 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 0.57 and a beta of 0.13. Stride has a one year low of $60.61 and a one year high of $171.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.21 and a quick ratio of 7.19. The company’s fifty day moving average price is $89.34 and its 200 day moving average price is $83.13.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, April 28th. The company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.21 by $0.09. The firm had revenue of $629.87 million for the quarter, compared to the consensus estimate of $629.69 million. Stride had a net margin of 12.15% and a return on equity of 25.20%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.02 EPS. As a group, analysts expect that Stride will post 8.15 earnings per share for the current year.

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.