Stride, Inc. (NYSE:LRN) Given Average Recommendation of “Hold” by Brokerages

Shares of Stride, Inc. (NYSE:LRN) have received an average recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $109.75.

LRN has been the subject of several recent analyst reports. William Blair lowered shares of Stride from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a report on Wednesday, July 8th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a research report on Monday, June 15th.

Institutional Investors Weigh In On Stride

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Stride by 78.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after acquiring an additional 85 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Stride by 2.8% in the second quarter. GAMMA Investing LLC now owns 4,716 shares of the company’s stock valued at $407,000 after acquiring an additional 128 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Stride by 62.7% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after acquiring an additional 131 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Stride by 2.4% in the fourth quarter. Maryland State Retirement & Pension System now owns 6,338 shares of the company’s stock worth $412,000 after acquiring an additional 149 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Stride during the second quarter worth approximately $25,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Stock Performance

NYSE LRN opened at $83.63 on Tuesday. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.48 and a beta of 0.11. The stock has a 50-day moving average of $86.74 and a 200 day moving average of $88.40. The company has a current ratio of 5.94, a quick ratio of 5.81 and a debt-to-equity ratio of 0.29. Stride has a twelve month low of $60.61 and a twelve month high of $171.17.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.64 by $0.48. The company had revenue of $636.06 million for the quarter, compared to analyst estimates of $626.52 million. Stride had a return on equity of 23.49% and a net margin of 13.43%.Stride’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company earned $2.29 earnings per share. Sell-side analysts anticipate that Stride will post 8.62 EPS for the current fiscal year.

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.