Stride, Inc. (NYSE:LRN) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of Stride, Inc. (NYSE:LRN) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $95.75.

A number of research firms have recently weighed in on LRN. Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a research report on Wednesday, July 8th. William Blair cut shares of Stride from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $38.00 price objective on shares of Stride in a research note on Wednesday, September 9th.

Hedge Funds Weigh In On Stride

Several large investors have recently modified their holdings of LRN. GAMMA Investing LLC increased its stake 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 purchasing an additional 128 shares during the period. BDFS Capital LLC lifted its holdings in Stride by 1.4% in the second quarter. BDFS Capital LLC now owns 12,436 shares of the company’s stock worth $1,072,000 after purchasing an additional 176 shares during the period. Cim LLC lifted its holdings in Stride by 4.0% in the first quarter. Cim LLC now owns 4,706 shares of the company’s stock worth $415,000 after purchasing an additional 179 shares during the period. EverSource Wealth Advisors LLC grew its position in 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 in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Stride by 5.5% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,479 shares of the company’s stock valued at $559,000 after buying an additional 338 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

Stride Trading Down 0.2%

NYSE:LRN opened at $78.76 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 5.81 and a current ratio of 5.94. Stride has a one year low of $60.61 and a one year high of $155.06. The business’s 50-day simple moving average is $82.73 and its 200 day simple moving average is $87.73. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.46 and a beta of 0.14.

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

Stride Company Profile

Stride, Inc is an education technology company that provides online and blended learning programs for students in kindergarten through 12th grade. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instruction, student support and administrative services.

Stride’s offerings include full-time online public and private school programs, supplemental courses, tutoring and career-focused learning. Its career learning programs are designed to help middle- and high-school students develop practical skills and explore fields such as information technology, health sciences and business.