Stride, Inc. (NYSE:LRN) Stock Has Average Target Price of $95.75

Stride, Inc. (NYSE:LRN) has earned an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $108.75.

Several research analysts recently issued reports on LRN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a research report on Wednesday, July 8th. William Blair cut Stride from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Finally, BMO Capital Markets decreased their price target on Stride from $93.00 to $90.00 and set a “market perform” rating for the company in a research note on Monday.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LRN. EverSource Wealth Advisors LLC raised its stake in Stride by 108.7% during the first quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company’s stock worth $38,000 after buying an additional 225 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Stride during the second quarter valued at $46,000. Caitlin John LLC acquired a new stake in Stride during the 2nd quarter worth about $49,000. Bard Associates Inc. bought a new position in shares of Stride in the 2nd quarter worth about $88,000. Finally, Leonteq Securities AG lifted its stake in shares of Stride by 92.6% in the 1st quarter. Leonteq Securities AG now owns 1,046 shares of the company’s stock valued at $92,000 after purchasing an additional 503 shares during the period. Institutional investors own 98.24% of the company’s stock.

Stride Trading Up 1.1%

LRN opened at $79.76 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.94 and a quick ratio of 5.81. Stride has a fifty-two week low of $60.61 and a fifty-two week high of $155.06. The company’s 50 day moving average price is $82.19 and its two-hundred day moving average price is $87.62. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.46 and a beta of 0.14.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.48. Stride had a net margin of 13.43% and a return on equity of 23.49%. The firm had revenue of $636.06 million during the quarter, compared to the consensus estimate of $626.52 million. During the same quarter last year, the firm earned $2.29 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, research analysts predict that Stride will post 8.62 earnings per share for the current year.

Stride Company Profile

Stride, Inc is an education technology company that provides online and blended learning programs for students in kindergarten through 12th grade. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instruction, student support and administrative services.

Stride’s offerings include full-time online public and private school programs, supplemental courses, tutoring and career-focused learning. Its career learning programs are designed to help middle- and high-school students develop practical skills and explore fields such as information technology, health sciences and business.