Analysts Set Stride, Inc. (NYSE:LRN) Price Target at $72.00

Shares of Stride, Inc. (NYSE:LRN) have received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $72.00.

A number of analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Barrington Research reissued an “outperform” rating and issued a $75.00 price objective on shares of Stride in a research note on Wednesday, April 24th. Morgan Stanley upped their price target on shares of Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Citigroup upped their price target on shares of Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Stride in a research report on Wednesday, January 24th.

Hedge Funds Weigh In On Stride

Several institutional investors have recently made changes to their positions in the stock. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Stride in the 4th quarter worth about $29,000. McIlrath & Eck LLC bought a new stake in Stride in the 3rd quarter worth about $31,000. Strs Ohio bought a new stake in Stride in the 4th quarter worth about $47,000. GAMMA Investing LLC bought a new stake in Stride in the 4th quarter worth about $65,000. Finally, Quadrant Capital Group LLC grew its position in Stride by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock worth $66,000 after purchasing an additional 483 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Stock Down 0.4 %

Shares of LRN opened at $71.22 on Wednesday. Stride has a one year low of $35.61 and a one year high of $73.32. The company has a market cap of $3.08 billion, a P/E ratio of 16.72, a P/E/G ratio of 0.78 and a beta of 0.26. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.21. The firm has a 50 day simple moving average of $63.08 and a two-hundred day simple moving average of $60.36.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.47 by $0.13. The business had revenue of $520.84 million during the quarter, compared to the consensus estimate of $507.89 million. Stride had a net margin of 9.29% and a return on equity of 18.29%. The company’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 earnings per share. Research analysts forecast that Stride will post 4.55 EPS for the current fiscal year.

Stride Company Profile

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.