Stride (NYSE:LRN) Hits New 52-Week High - What's Next?

Stride, Inc. (NYSE:LRN - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $137.76 and last traded at $137.06, with a volume of 335230 shares traded. The stock had previously closed at $134.90.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Stride from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Barrington Research boosted their price objective on Stride from $130.00 to $140.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Citigroup raised their target price on Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a research note 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 report on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on shares of Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.83.

Stride Trading Up 0.6 %

The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The firm's 50-day moving average is $113.03 and its 200-day moving average is $94.15. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 1.01 and a beta of 0.32.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly 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 net margin of 12.30% and a return on equity of 22.42%. As a group, sell-side analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Stride

Large investors have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its position in Stride by 1.1% in the third quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company's stock worth $99,851,000 after purchasing an additional 13,050 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Stride by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 964,701 shares of the company's stock worth $82,315,000 after purchasing an additional 35,349 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Stride by 51.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company's stock worth $79,326,000 after buying an additional 314,435 shares during the last quarter. Principal Financial Group Inc. grew its position in Stride by 293.1% during the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after buying an additional 645,835 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Stride by 72.4% in the 3rd quarter. Victory Capital Management Inc. now owns 827,505 shares of the company's stock worth $70,594,000 after buying an additional 347,564 shares during the period. 98.24% of the stock is currently owned by institutional investors.

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.