Stride (NYSE:LRN) Share Price Passes Above 200 Day Moving Average – Here’s Why

Stride, Inc. (NYSE:LRN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $88.98 and traded as high as $90.12. Stride shares last traded at $89.2170, with a volume of 342,554 shares trading hands.

Analysts Set New Price Targets

A number of analysts have weighed in on LRN shares. Wall Street Zen cut Stride from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stride in a research report on Monday, December 29th. Canaccord Genuity Group reiterated a “buy” rating and issued a $125.00 price target on shares of Stride in a research report on Wednesday, January 28th. Barrington Research reiterated an “outperform” rating and issued a $125.00 price target on shares of Stride in a research report on Wednesday, January 28th. Finally, Morgan Stanley lowered their price target on Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $109.75.

Stride Stock Up 1.1%

The firm has a fifty day moving average price of $86.00 and a 200 day moving average price of $88.61. The company has a quick ratio of 7.19, a current ratio of 7.27 and a debt-to-equity ratio of 0.31. The company has a market cap of $3.83 billion, a P/E ratio of 13.68, a PEG ratio of 0.55 and a beta of 0.05.

Institutional Trading of Stride

Several large investors have recently made changes to their positions in the business. Hsbc Holdings PLC grew its holdings in shares of Stride by 3,811.3% during the fourth quarter. Hsbc Holdings PLC now owns 66,062 shares of the company’s stock worth $4,309,000 after purchasing an additional 64,373 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Stride by 1,384.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,574 shares of the company’s stock valued at $102,000 after acquiring an additional 1,468 shares during the period. BDFS Capital LLC acquired a new position in shares of Stride during the fourth quarter valued at $210,000. Pacer Advisors Inc. lifted its stake in shares of Stride by 12,051.4% during the fourth quarter. Pacer Advisors Inc. now owns 188,711 shares of the company’s stock valued at $12,253,000 after acquiring an additional 187,158 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Stride during the fourth quarter valued at $206,000. Institutional investors own 98.24% of the company’s stock.

Stride Company Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.