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

Shares of Stride, Inc. (NYSE:LRN) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $109.75.

A number of equities research analysts have recently issued reports on LRN shares. Barrington Research reissued an “outperform” rating and issued a $125.00 price target on shares of Stride in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stride in a report on Monday, December 29th. Canaccord Genuity Group reiterated a “buy” rating and issued a $125.00 target price on shares of Stride in a research note on Wednesday, January 28th. Morgan Stanley cut their price target on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Finally, Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st.

Stride Trading Up 0.5%

Shares of LRN stock opened at $84.25 on Friday. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.50 and a beta of 0.12. The company’s fifty day simple moving average is $80.00 and its two-hundred day simple moving average is $97.79. Stride has a 1 year low of $60.61 and a 1 year high of $171.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 7.27 and a quick ratio of 7.19.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LRN. Hsbc Holdings PLC lifted its stake in Stride by 3,811.3% in the fourth quarter. Hsbc Holdings PLC now owns 66,062 shares of the company’s stock worth $4,309,000 after purchasing an additional 64,373 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Stride by 1,384.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,574 shares of the company’s stock valued at $102,000 after buying an additional 1,468 shares during the last quarter. BDFS Capital LLC purchased a new position in shares of Stride in the fourth quarter worth about $210,000. Pacer Advisors Inc. increased its holdings in shares of Stride by 12,051.4% in the fourth quarter. Pacer Advisors Inc. now owns 188,711 shares of the company’s stock worth $12,253,000 after buying an additional 187,158 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Stride in the 4th quarter valued at about $206,000. Institutional investors own 98.24% of the company’s stock.

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.