Stride (NYSE:LRN) Stock Rating Lowered by StockNews.com

Stride (NYSE:LRN) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

LRN has been the topic of several other research reports. BMO Capital Markets lifted their target price on shares of Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday. Morgan Stanley lifted their target price on shares of Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Citigroup raised their price objective on shares of Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Barrington Research reiterated an “outperform” rating and issued a $75.00 price objective on shares of Stride in a research note on Wednesday. Finally, Wedbush reiterated an “outperform” rating on shares of Stride in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Stride Trading Up 1.1 %

Shares of Stride stock opened at $67.08 on Thursday. Stride has a 1 year low of $35.61 and a 1 year high of $69.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.44 and a current ratio of 4.29. The company has a market capitalization of $2.90 billion, a P/E ratio of 15.75, a PEG ratio of 0.73 and a beta of 0.26. The company’s fifty day moving average is $60.45 and its two-hundred day moving average is $58.34.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.13. The company had revenue of $520.84 million for the quarter, compared to the consensus estimate of $507.89 million. Stride had a net margin of 9.29% and a return on equity of 18.29%. Stride’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $1.30 EPS. Analysts forecast that Stride will post 4.55 earnings per share for the current year.

Hedge Funds Weigh In On Stride

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC raised its position in Stride by 0.9% during the fourth quarter. SummerHaven Investment Management LLC now owns 20,081 shares of the company’s stock worth $1,192,000 after acquiring an additional 182 shares during the last quarter. New York State Teachers Retirement System raised its position in Stride by 0.9% during the first quarter. New York State Teachers Retirement System now owns 22,879 shares of the company’s stock worth $1,443,000 after acquiring an additional 200 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Stride by 13.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,760 shares of the company’s stock worth $104,000 after acquiring an additional 215 shares during the last quarter. GAMMA Investing LLC raised its position in Stride by 25.9% during the first quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock worth $87,000 after acquiring an additional 282 shares during the last quarter. Finally, Ronald Blue Trust Inc. raised its position in Stride by 348.1% during the third quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock worth $26,000 after acquiring an additional 449 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

About Stride

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.