Stride, Inc. (NYSE:LRN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Stride, Inc. (NYSE:LRN) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $90.17.

A number of analysts have recently commented on the company. Canaccord Genuity Group assumed coverage on Stride in a research report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price objective for the company. BMO Capital Markets boosted their price objective on Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group boosted their price objective on Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Citigroup boosted their price objective on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th.

Insider Buying and Selling at Stride

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the completion of the sale, the director now directly owns 85,058 shares in the company, valued at $7,786,209.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

Institutional Trading of Stride

Several large investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB lifted its stake in shares of Stride by 48.9% in the 1st quarter. Nordea Investment Management AB now owns 105,630 shares of the company’s stock valued at $6,698,000 after purchasing an additional 34,682 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of Stride in the 1st quarter valued at $555,000. Blue Trust Inc. lifted its stake in shares of Stride by 795.5% in the 2nd quarter. Blue Trust Inc. now owns 11,543 shares of the company’s stock valued at $814,000 after purchasing an additional 10,254 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Stride in the 2nd quarter valued at $534,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Stride by 24.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,000 shares of the company’s stock valued at $3,071,000 after purchasing an additional 7,100 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Stride Trading Up 1.8 %

Shares of NYSE:LRN opened at $94.79 on Wednesday. Stride has a 12-month low of $54.81 and a 12-month high of $96.07. The company has a market capitalization of $4.13 billion, a PE ratio of 17.23, a PEG ratio of 0.70 and a beta of 0.27. The business has a 50 day moving average of $81.07 and a two-hundred day moving average of $74.63. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. The company had revenue of $551.08 million during the quarter, compared to the consensus estimate of $504.29 million. Stride had a return on equity of 21.23% and a net margin of 11.38%. Stride’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. As a group, analysts forecast that Stride will post 6.66 EPS for the current year.

Stride Company Profile

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.