Brokerages Set Stride, Inc. (NYSE:LRN) Target Price at $119.33

Shares of Stride, Inc. (NYSE:LRN - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $120.17.

Several brokerages recently weighed in on LRN. Canaccord Genuity Group increased their price objective on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Barrington Research reiterated an "outperform" rating and set a $140.00 price target on shares of Stride in a report on Friday, March 14th. BMO Capital Markets boosted their price objective on shares of Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Morgan Stanley increased their target price on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th.

Stride Price Performance

Shares of NYSE:LRN traded up $1.19 during midday trading on Friday, hitting $130.31. The company had a trading volume of 96,643 shares, compared to its average volume of 819,580. The business's 50-day simple moving average is $130.65 and its 200-day simple moving average is $108.49. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. Stride has a twelve month low of $56.17 and a twelve month high of $145.00.

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Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, research analysts predict that Stride will post 6.67 earnings per share for the current year.

Institutional Investors Weigh In On Stride

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Stride by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company's stock worth $485,706,000 after acquiring an additional 69,888 shares during the period. William Blair Investment Management LLC raised its position in Stride by 18.0% in the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock valued at $256,397,000 after purchasing an additional 375,686 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Stride by 27.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company's stock valued at $155,251,000 after buying an additional 323,275 shares during the period. Geode Capital Management LLC grew its position in shares of Stride by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 970,395 shares of the company's stock worth $100,877,000 after buying an additional 5,694 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Stride by 293.1% during the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock worth $90,024,000 after buying an additional 645,835 shares during the period. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Company Profile

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.