Stride, Inc. (NYSE:LRN) Receives $71.75 Average Price Target from Analysts

Stride, Inc. (NYSE:LRN) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $71.75.

Several brokerages have issued reports on LRN. Barrington Research reiterated an “outperform” rating and set a $75.00 target price on shares of Stride in a report on Wednesday. Morgan Stanley increased their target price on shares of Stride from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. StockNews.com upgraded shares of Stride from a “hold” rating to a “buy” rating in a report on Tuesday, April 2nd. BMO Capital Markets increased their target price on shares of Stride from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Citigroup increased their target price on shares of Stride from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, January 29th.

Stride Trading Down 1.3 %

LRN stock opened at $56.51 on Friday. The company has a market capitalization of $2.45 billion, a PE ratio of 14.27, a P/E/G ratio of 0.67 and a beta of 0.26. Stride has a 12 month low of $35.61 and a 12 month high of $69.70. The firm’s 50-day moving average is $60.38 and its 200 day moving average is $57.89. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.52 and a quick ratio of 4.44.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.31 by $0.23. The company had revenue of $504.87 million for the quarter, compared to the consensus estimate of $498.05 million. Stride had a net margin of 8.80% and a return on equity of 17.77%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 EPS. On average, research analysts anticipate that Stride will post 4.31 EPS for the current year.

Institutional Trading of Stride

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Stride by 11.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,000,230 shares of the company’s stock valued at $210,160,000 after buying an additional 506,211 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Stride by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,844,052 shares of the company’s stock worth $103,323,000 after purchasing an additional 20,806 shares in the last quarter. Geode Capital Management LLC boosted its stake in Stride by 4.4% in the 2nd quarter. Geode Capital Management LLC now owns 806,804 shares of the company’s stock worth $30,037,000 after purchasing an additional 34,233 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Stride by 16.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 799,579 shares of the company’s stock worth $29,049,000 after purchasing an additional 111,340 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Stride by 8.4% in the 4th quarter. Nuveen Asset Management LLC now owns 697,560 shares of the company’s stock worth $39,752,000 after purchasing an additional 54,312 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors.

About Stride

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.