Stride, Inc. (NYSE:LRN) Receives Consensus Rating of “Hold” from Analysts

Stride, Inc. (NYSE:LRN) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $109.75.

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

Stride Stock Performance

Shares of LRN opened at $99.59 on Thursday. The company has a current ratio of 6.21, a quick ratio of 6.14 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.24 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 0.60 and a beta of 0.10. The company’s 50 day simple moving average is $91.84 and its 200-day simple moving average is $80.44. Stride has a 12-month low of $60.61 and a 12-month high of $171.17.

Stride (NYSE:LRN) last announced its 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. The business had revenue of $629.87 million for the quarter, compared to analyst estimates of $629.69 million. Stride had a net margin of 12.15% and a return on equity of 25.20%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $2.02 earnings per share. As a group, equities analysts predict that Stride will post 8.21 EPS for the current year.

Hedge Funds Weigh In On Stride

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised 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 buying an additional 85 shares during the last quarter. Geneos Wealth Management Inc. raised 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 buying an additional 131 shares during the last quarter. Maryland State Retirement & Pension System raised 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 buying an additional 149 shares during the last quarter. Measured Wealth Private Client Group LLC raised 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 buying an additional 169 shares during the last quarter. Finally, Arizona State Retirement System raised 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 buying 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.