Brokerages Set Stride, Inc. (NYSE:LRN) Price Target at $109.75

Shares of Stride, Inc. (NYSE:LRN) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the stock, 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 objective among analysts that have issued ratings on the stock in the last year is $109.75.

A number of equities analysts have recently issued reports on LRN shares. Barrington Research reissued an “outperform” rating and set a $125.00 price target on shares of Stride in a research report on Thursday, April 16th. BMO Capital Markets reissued a “market perform” rating on shares of Stride in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a research report on Friday, April 10th.

Stride Stock Performance

Shares of Stride stock opened at $96.43 on Thursday. The stock’s fifty day moving average is $91.34 and its two-hundred day moving average is $79.97. The company has a market capitalization of $4.10 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 0.56 and a beta of 0.10. The company has a quick ratio of 6.14, a current ratio of 6.21 and a debt-to-equity ratio of 0.29. Stride has a 52 week low of $60.61 and a 52 week high of $171.17.

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

Institutional Investors Weigh In On Stride

A number of hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Stride by 78.7% during 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 during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Stride by 62.7% during 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 during the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of Stride by 2.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 6,338 shares of the company’s stock worth $412,000 after purchasing an additional 149 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its stake in shares of Stride by 3.8% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 4,619 shares of the company’s stock worth $688,000 after purchasing an additional 169 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Stride by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 12,879 shares of the company’s stock worth $1,918,000 after purchasing an additional 170 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other 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.