Stride, Inc. (NYSE:LRN) Stock Has Consensus Target Price of $106.25 According to Analysts

Shares of Stride, Inc. (NYSE:LRN) have earned an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $106.25.

A number of analysts have weighed in on the stock. Weiss Ratings raised shares of Stride from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. William Blair cut shares of Stride from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. BMO Capital Markets dropped their target price on shares of Stride from $93.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, October 5th. Finally, Barrington Research cut their price target on shares of Stride from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Friday, October 23rd.

Insider Transactions at Stride

In related news, Director Dylan G. Haggart acquired 95,008 shares of the firm’s stock in a transaction on Monday, October 26th. The stock was bought at an average price of $78.44 per share, for a total transaction of $7,452,427.52. Following the completion of the purchase, the director directly owned 1,898,911 shares of the company’s stock, valued at approximately $148,950,578.84. The trade was a 5.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 154,988 shares of company stock valued at $12,240,185 in the last three months. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Stride

Several institutional investors and hedge funds have recently made changes to their positions in LRN. EverSource Wealth Advisors LLC raised its position in Stride by 108.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company’s stock valued at $38,000 after purchasing an additional 225 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Stride during the 2nd quarter worth $46,000. Caitlin John LLC purchased a new position in Stride during the 2nd quarter worth $49,000. John Boyer Inc. purchased a new position in Stride during the 3rd quarter worth $67,000. Finally, Bard Associates Inc. acquired a new position in Stride in the second quarter valued at $88,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Stock Up 0.5%

Shares of NYSE LRN opened at $80.53 on Friday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 0.44 and a beta of 0.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.56 and a quick ratio of 2.53. The business has a 50-day moving average of $81.55 and a two-hundred day moving average of $85.70. Stride has a 1 year low of $60.61 and a 1 year high of $103.67.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, October 20th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.30. The business had revenue of $639.38 million for the quarter, compared to the consensus estimate of $612.25 million. Stride had a return on equity of 22.06% and a net margin of 13.18%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.40 EPS. On average, analysts forecast that Stride will post 9.04 earnings per share for the current fiscal year.

Stride Company Profile

Stride, Inc is an education technology company that provides online and blended learning programs for K-12 students. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instructional software, teaching support and student services. Its offerings are designed to support full-time virtual schools, supplemental courses and traditional schools incorporating online learning.

Stride also provides career-focused education through programs that combine academic instruction with career exploration, technical training and industry-aligned learning opportunities.