Brokerages Set Stride, Inc. (NYSE:LRN) Target Price at $71.75

Shares of Stride, Inc. (NYSE:LRN) have earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $71.75.

A number of research analysts have issued reports on LRN shares. Wedbush reiterated an “outperform” rating on shares of Stride in a research report on Wednesday, January 24th. Morgan Stanley boosted their price target on shares of Stride from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Citigroup upped their price target on shares of Stride from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. BMO Capital Markets raised their price objective on shares of Stride from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, StockNews.com upgraded Stride from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd.

Stride Stock Down 1.2 %

Shares of NYSE:LRN opened at $58.42 on Friday. The company’s fifty day moving average is $60.59 and its two-hundred day moving average is $57.72. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.44 and a current ratio of 4.52. Stride has a 1-year low of $35.61 and a 1-year high of $69.70. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 0.69 and a beta of 0.26.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.23. Stride had a net margin of 8.80% and a return on equity of 17.77%. The company had revenue of $504.87 million during the quarter, compared to the consensus estimate of $498.05 million. During the same quarter in the previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts anticipate that Stride will post 4.31 EPS for the current year.

Institutional Investors Weigh In On Stride

Several large investors have recently modified their holdings of the stock. Ronald Blue Trust Inc. grew its stake in Stride by 348.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock valued at $26,000 after acquiring an additional 449 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Stride in the fourth quarter valued at $29,000. UBS Group AG bought a new position in shares of Stride during the 2nd quarter worth approximately $30,000. McIlrath & Eck LLC bought a new position in Stride during the 3rd quarter valued at about $31,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Stride by 51.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,015 shares of the company’s stock valued at $40,000 after buying an additional 346 shares during the last quarter. 98.24% of the stock is owned by 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.