Stride, Inc. (NYSE:LRN) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Stride, Inc. (NYSE:LRN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $121.83.

Several research firms have recently weighed in on LRN. Barrington Research upped their price target on shares of Stride from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Canaccord Genuity Group increased their target price on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets lifted their price target on Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st.

Institutional Trading of Stride

Institutional investors have recently modified their holdings of the business. Mutual of America Capital Management LLC lifted its stake in Stride by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company's stock valued at $675,000 after buying an additional 93 shares during the period. Arizona State Retirement System increased its stake in shares of Stride by 0.8% in the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company's stock valued at $1,240,000 after acquiring an additional 99 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Stride by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company's stock valued at $2,151,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Stride by 1.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company's stock worth $1,047,000 after acquiring an additional 100 shares in the last quarter. Finally, Bosun Asset Management LLC grew its holdings in Stride by 1.4% in the fourth quarter. Bosun Asset Management LLC now owns 8,292 shares of the company's stock worth $862,000 after purchasing an additional 111 shares during the period. Institutional investors own 98.24% of the company's stock.

Stride Price Performance

Stride stock opened at $137.86 on Wednesday. The business's 50-day simple moving average is $130.68 and its 200 day simple moving average is $113.89. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 1.04 and a beta of 0.47. Stride has a 12-month low of $58.01 and a 12-month high of $145.00.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, research analysts anticipate that Stride will post 6.67 earnings per share for the current year.

About Stride

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.

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