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

Stride, Inc. (NYSE:LRN) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $109.75.

LRN has been the subject of several recent research reports. Barrington Research restated an “outperform” rating and set a $125.00 price target on shares of Stride in a research report on Thursday, April 16th. William Blair downgraded shares of Stride from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. BMO Capital Markets reissued a “market perform” rating on shares of Stride in a research note on Monday, June 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Stride in a research report on Wednesday, July 8th.

Hedge Funds Weigh In On Stride

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased 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. GAMMA Investing LLC lifted its stake in Stride by 2.8% during the second quarter. GAMMA Investing LLC now owns 4,716 shares of the company’s stock valued at $407,000 after buying an additional 128 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Stride by 62.7% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after buying an additional 131 shares during the period. Maryland State Retirement & Pension System boosted its holdings in shares of Stride by 2.4% in the fourth quarter. Maryland State Retirement & Pension System now owns 6,338 shares of the company’s stock worth $412,000 after buying an additional 149 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Stride in the second quarter worth approximately $25,000. 98.24% of the stock is owned by institutional investors.

Stride Price Performance

Shares of NYSE LRN opened at $80.62 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.94 and a quick ratio of 5.81. The firm has a market capitalization of $3.35 billion, a PE ratio of 11.20, a P/E/G ratio of 0.48 and a beta of 0.11. Stride has a 1-year low of $60.61 and a 1-year high of $171.17. The business’s fifty day moving average price is $88.50 and its two-hundred day moving average price is $88.08.

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.