Stride (NYSE:LRN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Stride (NYSE:LRN) from a hold rating to a buy rating in a research report report published on Wednesday.

LRN has been the subject of several other research reports. BMO Capital Markets raised their target price on Stride from $72.00 to $73.00 and gave the stock an outperform rating in a research report on Thursday, April 25th. Barrington Research reaffirmed an outperform rating and issued a $75.00 target price on shares of Stride in a research report on Wednesday, April 24th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $72.00.

Stride Stock Performance

Shares of Stride stock opened at $73.36 on Wednesday. The stock has a market cap of $3.17 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.71 and a beta of 0.28. The business has a fifty day simple moving average of $69.37 and a 200-day simple moving average of $64.53. The company has a quick ratio of 4.21, a current ratio of 4.29 and a debt-to-equity ratio of 0.40. Stride has a 12 month low of $37.51 and a 12 month high of $74.47.

Institutional Trading of Stride

Several hedge funds and other institutional investors have recently modified their holdings of the company. SummerHaven Investment Management LLC raised its holdings in shares of Stride by 0.9% during the fourth quarter. SummerHaven Investment Management LLC now owns 20,081 shares of the company’s stock worth $1,192,000 after acquiring an additional 182 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Stride by 0.9% during the first quarter. New York State Teachers Retirement System now owns 22,879 shares of the company’s stock worth $1,443,000 after acquiring an additional 200 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Stride by 13.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,760 shares of the company’s stock valued at $104,000 after buying an additional 215 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Stride by 25.9% in the first quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock worth $87,000 after buying an additional 282 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN lifted its position in shares of Stride by 0.3% in the second quarter. Kirr Marbach & Co. LLC IN now owns 107,595 shares of the company’s stock worth $7,585,000 after buying an additional 348 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

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.