Stride, Inc. (NYSE:LRN) Receives $116.83 Average Target Price from Analysts

Shares of Stride, Inc. (NYSE:LRN - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $116.83.

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group raised their price objective on Stride from $100.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Barrington Research raised their price target on Stride from $130.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Morgan Stanley upped their price objective on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets increased their price objective on shares of Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th.

Hedge Funds Weigh In On Stride

A number of large investors have recently modified their holdings of LRN. Creative Planning increased its position in Stride by 42.2% during the 3rd quarter. Creative Planning now owns 4,653 shares of the company's stock worth $397,000 after purchasing an additional 1,380 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Stride in the third quarter worth $210,000. International Assets Investment Management LLC increased its position in shares of Stride by 8,431.7% in the third 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 in the last quarter. New York State Teachers Retirement System raised its stake in shares of Stride by 1.6% in the 3rd quarter. New York State Teachers Retirement System now owns 22,523 shares of the company's stock valued at $1,921,000 after acquiring an additional 344 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Stride by 1,220.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,498 shares of the company's stock valued at $298,000 after acquiring an additional 3,233 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Stride Price Performance

Stride stock traded down $9.80 during midday trading on Tuesday, reaching $123.36. 2,486,782 shares of the company were exchanged, compared to its average volume of 904,542. The firm's 50-day simple moving average is $125.50 and its 200-day simple moving average is $102.79. Stride has a 1 year low of $56.17 and a 1 year high of $145.00. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 1.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02.

Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping 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%. On average, analysts anticipate that Stride will post 6.67 EPS 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.