Stride (NYSE:LRN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Stride (NYSE:LRNFree Report) from a hold rating to a buy rating in a research report report published on Monday.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley dropped 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Stride in a research report on Monday, December 29th. BMO Capital Markets set a $108.00 price objective on Stride and gave the company a “market perform” rating in a report on Wednesday, October 29th. Barrington Research lowered their price objective on Stride from $185.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, Zacks Research cut Stride from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.75.

Read Our Latest Stock Analysis on LRN

Stride Trading Down 0.8%

Stride stock opened at $67.82 on Monday. The business has a 50 day moving average price of $65.43 and a two-hundred day moving average price of $117.66. The company has a quick ratio of 6.69, a current ratio of 6.78 and a debt-to-equity ratio of 0.32. Stride has a 12 month low of $60.61 and a 12 month high of $171.17. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 0.41 and a beta of 0.06.

Stride (NYSE:LRNGet Free Report) last released its quarterly earnings data on Tuesday, October 28th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.29. The business had revenue of $620.88 million for the quarter, compared to analysts’ expectations of $615.50 million. Stride had a return on equity of 26.29% and a net margin of 12.76%.Stride’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 earnings per share. As a group, equities analysts forecast that Stride will post 6.67 EPS for the current year.

Institutional Investors Weigh In On Stride

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vident Advisory LLC raised its position in Stride by 2.9% in the 1st quarter. Vident Advisory LLC now owns 2,941 shares of the company’s stock valued at $372,000 after purchasing an additional 84 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Stride by 67.3% in the first quarter. AQR Capital Management LLC now owns 28,547 shares of the company’s stock valued at $3,611,000 after buying an additional 11,481 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Stride by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,418 shares of the company’s stock valued at $3,848,000 after buying an additional 983 shares during the last quarter. NewEdge Advisors LLC lifted its position in Stride by 80.9% during the 1st quarter. NewEdge Advisors LLC now owns 5,124 shares of the company’s stock worth $648,000 after buying an additional 2,291 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in Stride during the 1st quarter worth about $1,765,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride News Summary

Here are the key news stories impacting Stride this week:

About Stride

(Get Free Report)

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.

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