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

Shares of Stride, Inc. (NYSE:LRN) have earned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $109.75.

Several equities research analysts recently issued reports on LRN shares. Canaccord Genuity Group reissued a “buy” rating and issued a $125.00 target price on shares of Stride in a research report on Wednesday, January 28th. Barrington Research reaffirmed an “outperform” rating and set a $125.00 price target on shares of Stride in a research note on Wednesday, January 28th. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Morgan Stanley lowered their price objective on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Finally, Zacks Research lowered Stride from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th.

Stride Price Performance

Shares of NYSE:LRN opened at $80.99 on Tuesday. The company has a quick ratio of 7.19, a current ratio of 7.27 and a debt-to-equity ratio of 0.31. The company has a market cap of $3.45 billion, a P/E ratio of 12.33, a P/E/G ratio of 0.49 and a beta of 0.10. The business has a fifty day simple moving average of $74.52 and a 200-day simple moving average of $104.30. Stride has a 52 week low of $60.61 and a 52 week high of $171.17.

Hedge Funds Weigh In On Stride

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Stride by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 4,883,571 shares of the company’s stock worth $317,090,000 after purchasing an additional 340,838 shares during the period. Invesco Ltd. grew its stake in Stride by 1.3% during the third quarter. Invesco Ltd. now owns 1,805,508 shares of the company’s stock worth $268,912,000 after buying an additional 23,488 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Stride by 32.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,659,795 shares of the company’s stock valued at $107,773,000 after acquiring an additional 408,585 shares in the last quarter. Morgan Stanley boosted its position in Stride by 98.1% during the 4th quarter. Morgan Stanley now owns 1,631,570 shares of the company’s stock worth $105,938,000 after purchasing an additional 808,141 shares during the period. Finally, William Blair Investment Management LLC boosted its position in shares of Stride by 37.2% in the third quarter. William Blair Investment Management LLC now owns 1,511,080 shares of the company’s stock worth $225,060,000 after buying an additional 410,029 shares during the period. 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.