Stride (NYSE:LRN) Sets New 52-Week High at $36.29

Stride, Inc. (NYSE:LRN)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $36.29 and last traded at $36.13, with a volume of 5526 shares. The stock had previously closed at $35.03.

LRN has been the subject of a number of recent research reports. Citigroup assumed coverage on shares of Stride in a research note on Tuesday, September 14th. They issued a “buy” rating and a $65.00 price objective for the company. Zacks Investment Research raised shares of Stride from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Friday, August 13th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $43.50.

The stock’s fifty day moving average price is $33.06 and its two-hundred day moving average price is $30.89. The company has a current ratio of 2.80, a quick ratio of 2.67 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 0.83 and a beta of 0.62.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.10. The company had revenue of $397.50 million for the quarter, compared to the consensus estimate of $388.79 million. Stride had a net margin of 4.65% and a return on equity of 9.33%. Stride’s revenue for the quarter was up 47.8% on a year-over-year basis. During the same period last year, the firm posted $0.12 EPS. Analysts anticipate that Stride, Inc. will post 2.02 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of LRN. Daiwa Securities Group Inc. purchased a new stake in shares of Stride in the second quarter valued at about $31,000. Jacobi Capital Management LLC purchased a new stake in Stride during the first quarter worth about $35,000. Ameritas Investment Company LLC purchased a new stake in Stride during the first quarter worth about $38,000. Parkside Financial Bank & Trust boosted its holdings in Stride by 107.0% during the first quarter. Parkside Financial Bank & Trust now owns 1,445 shares of the company’s stock worth $43,000 after buying an additional 747 shares in the last quarter. Finally, FORA Capital LLC boosted its holdings in Stride by 164.3% during the second quarter. FORA Capital LLC now owns 3,074 shares of the company’s stock worth $99,000 after buying an additional 1,911 shares in the last quarter. 87.42% of the stock is currently owned by institutional investors and hedge funds.

Stride Company Profile (NYSE:LRN)

Stride, Inc is a technology-based educational company, which offers proprietary and third party curriculum, software systems and educational services. It also offers online curriculum and career services to middle and high school students, under the Destinations Career Academy brand name. The company was founded by Ronald J.

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