Brokerages Set Stride, Inc. (NYSE:LRN) PT at $97.50

Stride, Inc. (NYSE:LRN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $97.50.

Several equities analysts recently weighed in on the company. Citigroup boosted their price objective on Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Morgan Stanley raised their price objective 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. BMO Capital Markets upped their target price on shares of Stride from $84.00 to $88.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Canaccord Genuity Group raised their price target on shares of Stride from $94.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, StockNews.com lowered shares of Stride from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd.

Stride Stock Down 3.3 %

Stride stock traded down $3.66 during mid-day trading on Monday, hitting $107.47. The company's stock had a trading volume of 325,217 shares, compared to its average volume of 832,050. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50. The company has a market cap of $4.68 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 0.80 and a beta of 0.32. The firm's 50 day moving average is $105.10 and its 200 day moving average is $87.32. Stride has a 52-week low of $54.81 and a 52-week high of $114.71.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.72. Stride had a return on equity of 21.23% and a net margin of 11.38%. The business had revenue of $551.08 million during the quarter, compared to analyst estimates of $504.29 million. During the same period in the previous year, the company earned $0.11 EPS. The firm's revenue was up 14.8% on a year-over-year basis. On average, analysts anticipate that Stride will post 6.64 earnings per share for the current year.

Insider Activity

In related news, Director Todd Goldthwaite sold 8,028 shares of the business's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.54, for a total transaction of $734,883.12. Following the completion of the sale, the director now directly owns 85,058 shares of the company's stock, valued at $7,786,209.32. The trade was a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.00% of the company's stock.

Institutional Trading of Stride

Institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in Stride in the second quarter valued at about $534,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Stride in the 3rd quarter valued at approximately $430,000. International Assets Investment Management LLC boosted its stake in Stride by 8,431.7% during the 3rd quarter. International Assets Investment Management LLC now owns 5,119 shares of the company's stock worth $437,000 after acquiring an additional 5,059 shares during the last quarter. Quest Partners LLC grew its holdings in Stride by 20,248.8% during the third quarter. Quest Partners LLC now owns 8,343 shares of the company's stock valued at $712,000 after purchasing an additional 8,302 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Stride by 24.6% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,000 shares of the company's stock valued at $3,071,000 after purchasing an additional 7,100 shares in the last quarter. Institutional investors own 98.24% of the company's stock.

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.