Analysts Set Stride, Inc. (NYSE:LRN) PT at $116.83

Shares of Stride, Inc. (NYSE:LRN - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $116.83.

LRN has been the topic of several recent analyst reports. StockNews.com lowered shares of Stride from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Citigroup raised their target price on Stride from $90.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. BMO Capital Markets raised their price target on Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Barrington Research lifted their price objective on Stride from $130.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley lifted their price target on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th.

Institutional Trading of Stride

Several institutional investors have recently modified their holdings of the company. Mutual of America Capital Management LLC lifted its holdings in shares of Stride by 1.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company's stock valued at $675,000 after purchasing an additional 93 shares during the last quarter. Arizona State Retirement System increased its position in Stride by 0.8% in the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company's stock worth $1,240,000 after purchasing an additional 99 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Stride by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company's stock worth $2,151,000 after purchasing an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Stride by 1.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company's stock worth $1,047,000 after purchasing an additional 100 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Stride by 3.6% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company's stock worth $336,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Trading Down 0.9 %

Shares of NYSE LRN traded down $1.32 during trading on Friday, hitting $140.96. 452,976 shares of the company were exchanged, compared to its average volume of 988,311. Stride has a 12-month low of $54.81 and a 12-month high of $145.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The company has a fifty day moving average price of $113.74 and a 200-day moving average price of $94.99. The firm has a market capitalization of $6.14 billion, a PE ratio of 23.56, a P/E/G ratio of 1.04 and a beta of 0.32.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating 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%. As a group, equities research analysts expect that Stride will post 6.67 EPS for the current year.

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.