Brokerages Set Stride, Inc. (NYSE:LRN) PT at $72.00

Shares of Stride, Inc. (NYSE:LRN) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $72.00.

Several equities research analysts have recently commented on LRN shares. BMO Capital Markets lifted their price target on shares of Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Barrington Research restated an “outperform” rating and set a $75.00 price objective on shares of Stride in a report on Wednesday, April 24th.

Stride Trading Up 2.0 %

Shares of LRN stock opened at $70.50 on Thursday. The company has a quick ratio of 4.21, a current ratio of 4.29 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $3.05 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.76 and a beta of 0.27. Stride has a 12-month low of $35.61 and a 12-month high of $73.32. The firm has a 50-day moving average price of $68.87 and a 200 day moving average price of $63.20.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.13. The firm had revenue of $520.84 million during the quarter, compared to analysts’ expectations of $507.89 million. Stride had a net margin of 9.29% and a return on equity of 18.29%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 EPS. Research analysts forecast that Stride will post 4.55 earnings per share for the current fiscal year.

Institutional Trading of Stride

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Stride in the fourth quarter valued at $29,000. McIlrath & Eck LLC bought a new position in shares of Stride in the third quarter worth about $31,000. Strs Ohio bought a new position in shares of Stride in the fourth quarter worth about $47,000. GAMMA Investing LLC bought a new position in shares of Stride in the fourth quarter worth about $65,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Stride by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock worth $66,000 after acquiring an additional 483 shares during the last quarter. 98.24% of the stock is owned by institutional investors.

About Stride

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.