Stride (NYSE:LRN) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Stride, Inc. (NYSE:LRN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $78.91 and traded as high as $88.00. Stride shares last traded at $87.7620, with a volume of 417,635 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LRN shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a report on Friday, April 10th. Barrington Research reaffirmed an “outperform” rating and set a $125.00 price target on shares of Stride in a report on Thursday, April 16th. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $125.00 price target on shares of Stride in a report on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $109.75.

Stride Stock Performance

The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 0.54 and a beta of 0.13. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.14 and a current ratio of 6.21. The company’s fifty day simple moving average is $90.52 and its two-hundred day simple moving average is $78.91.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.09. The company had revenue of $629.87 million during the quarter, compared to analyst estimates of $629.69 million. Stride had a net margin of 12.15% and a return on equity of 25.20%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $2.02 EPS. Equities research analysts predict that Stride, Inc. will post 8.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. acquired a new position in shares of Stride in the 2nd quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after buying an additional 85 shares during the period. Leonteq Securities AG acquired a new position in shares of Stride in the 4th quarter valued at about $35,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Stride by 108.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company’s stock valued at $38,000 after buying an additional 225 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Stride by 482.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 617 shares of the company’s stock valued at $40,000 after buying an additional 511 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Company Profile

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.