Stride, Inc. (NYSE:LRN) Receives $109.75 Consensus Price Target from Brokerages

Stride, Inc. (NYSE:LRN) has been given a consensus rating of “Hold” by the seven research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $109.75.

LRN has been the topic of a number of recent analyst reports. Barrington Research restated an “outperform” rating and issued a $125.00 price target on shares of Stride in a report on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of Stride in a report on Friday, April 10th. William Blair restated an “outperform” rating on shares of Stride in a report on Monday, June 15th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Stride in a report on Monday, June 15th.

Stride Stock Up 1.4%

Shares of Stride stock opened at $87.30 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.21 and a quick ratio of 6.14. Stride has a 1 year low of $60.61 and a 1 year high of $171.17. The firm’s 50-day moving average is $92.15 and its two-hundred day moving average is $83.50. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 0.52 and a beta of 0.10.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.09. Stride had a net margin of 12.15% and a return on equity of 25.20%. The company had revenue of $629.87 million for the quarter, compared to analysts’ expectations of $629.69 million. During the same period in the prior year, the business earned $2.02 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts expect that Stride will post 8.21 earnings per share for the current fiscal year.

Institutional Trading of Stride

Institutional investors have recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Stride in the 2nd quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. boosted its stake in Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after purchasing an additional 85 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Stride by 62.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after purchasing an additional 131 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Stride by 108.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company’s stock worth $38,000 after purchasing an additional 225 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Stride in the 3rd quarter worth approximately $78,000. 98.24% of the stock is currently owned by institutional investors.

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.