Stride (NYSE:LRN) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Stride (NYSE:LRN) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

A number of other analysts have also recently issued reports on the stock. Barrington Research restated an outperform rating and set a $75.00 target price on shares of Stride in a research note on Wednesday, April 24th. BMO Capital Markets boosted their price objective on Stride from $72.00 to $73.00 and gave the stock an outperform rating in a report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $72.00.

Stride Price Performance

NYSE:LRN opened at $73.36 on Wednesday. Stride has a 12-month low of $37.51 and a 12-month high of $74.47. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 0.71 and a beta of 0.28. The stock’s 50 day moving average price is $69.30 and its two-hundred day moving average price is $64.43. The company has a quick ratio of 4.21, a current ratio of 4.29 and a debt-to-equity ratio of 0.40.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. Stride had a return on equity of 18.29% and a net margin of 9.29%. The business had revenue of $520.84 million for the quarter, compared to analysts’ expectations of $507.89 million. During the same quarter in the prior year, the business earned $1.30 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts anticipate that Stride will post 4.55 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB grew its stake in Stride by 48.9% during the first quarter. Nordea Investment Management AB now owns 105,630 shares of the company’s stock worth $6,698,000 after buying an additional 34,682 shares in the last quarter. Norges Bank bought a new position in Stride in the fourth quarter valued at approximately $25,594,000. Vanguard Group Inc. raised its position in Stride by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,969,506 shares of the company’s stock valued at $223,777,000 after purchasing an additional 28,661 shares in the last quarter. Trexquant Investment LP bought a new stake in Stride during the fourth quarter worth $1,752,000. Finally, Global Alpha Capital Management Ltd. acquired a new stake in shares of Stride in the 4th quarter valued at $2,125,000. Institutional investors own 98.24% of the company’s stock.

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.