Stride, Inc. (NYSE:LRN) Receives $109.75 Average Price Target from Brokerages

Stride, Inc. (NYSE:LRN) has been given an average recommendation of “Hold” by the seven analysts that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $109.75.

LRN has been the topic of several analyst reports. BMO Capital Markets reiterated a “market perform” rating and set a $94.00 target price on shares of Stride in a research report on Wednesday, January 28th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $125.00 price objective on shares of Stride in a research report on Wednesday, January 28th. Barrington Research reiterated an “outperform” rating and set a $125.00 price objective on shares of Stride in a research note on Wednesday, January 28th. Wall Street Zen cut shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Zacks Research downgraded shares of Stride from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th.

Stride Stock Down 0.3%

Shares of LRN stock opened at $82.66 on Tuesday. Stride has a 12 month low of $60.61 and a 12 month high of $171.17. The stock has a market cap of $3.52 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.49 and a beta of 0.10. The company has a current ratio of 7.27, a quick ratio of 7.19 and a debt-to-equity ratio of 0.31. The company has a 50 day simple moving average of $74.18 and a two-hundred day simple moving average of $105.04.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LRN. AQR Capital Management LLC raised its holdings in Stride by 67.3% during the first quarter. AQR Capital Management LLC now owns 28,547 shares of the company’s stock valued at $3,611,000 after acquiring an additional 11,481 shares during the period. NewEdge Advisors LLC raised its stake in Stride by 80.9% during the 1st quarter. NewEdge Advisors LLC now owns 5,124 shares of the company’s stock valued at $648,000 after purchasing an additional 2,291 shares during the period. Empowered Funds LLC lifted its holdings in Stride by 12.4% in the 1st quarter. Empowered Funds LLC now owns 18,202 shares of the company’s stock worth $2,303,000 after purchasing an additional 2,008 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Stride by 31.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 134,455 shares of the company’s stock worth $17,009,000 after purchasing an additional 32,470 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in Stride by 62.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after purchasing an additional 131 shares during the period. Institutional investors own 98.24% of the company’s stock.

About Stride

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.