Stride, Inc. (NYSE:LRN) Given Average Recommendation of “Hold” by Brokerages

Shares of Stride, Inc. (NYSE:LRN) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $109.75.

LRN has been the subject of several analyst reports. William Blair cut shares of Stride from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a research note on Wednesday, July 8th.

Stride Price Performance

Shares of LRN opened at $84.86 on Friday. The firm has a market capitalization of $3.53 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 0.50 and a beta of 0.11. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.94 and a quick ratio of 5.81. Stride has a 1-year low of $60.61 and a 1-year high of $166.93. The company’s fifty day moving average price is $85.90 and its 200-day moving average price is $88.33.

Stride (NYSE:LRN) last released its earnings results on Tuesday, August 4th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.48. The firm had revenue of $636.06 million during the quarter, compared to the consensus estimate of $626.52 million. Stride had a return on equity of 23.49% and a net margin of 13.43%.The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.29 earnings per share. On average, equities research analysts predict that Stride will post 8.62 EPS for the current year.

Institutional Trading of Stride

Several institutional investors have recently bought and sold shares of LRN. AQR Capital Management LLC raised its stake in shares of Stride by 67.3% during the 1st quarter. AQR Capital Management LLC now owns 28,547 shares of the company’s stock worth $3,611,000 after buying an additional 11,481 shares during the period. NewEdge Advisors LLC lifted its position in shares of Stride by 80.9% during the 1st quarter. NewEdge Advisors LLC now owns 5,124 shares of the company’s stock valued at $648,000 after buying an additional 2,291 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Stride by 12.4% during the 1st quarter. Empowered Funds LLC now owns 18,202 shares of the company’s stock valued at $2,303,000 after buying an additional 2,008 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Stride by 31.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,455 shares of the company’s stock valued at $17,009,000 after acquiring an additional 32,470 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in Stride by 62.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after acquiring an additional 131 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

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.