Brokerages Set Stride, Inc. (NYSE:LRN) PT at $116.83

Stride, Inc. (NYSE:LRN) has earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $116.83.

A number of analysts have recently issued reports on LRN shares. Barrington Research lifted their price objective on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Morgan Stanley lifted their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Canaccord Genuity Group boosted their price target on shares of Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, BMO Capital Markets boosted their price target on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th.

Hedge Funds Weigh In On Stride

A number of hedge funds have recently modified their holdings of LRN. Mutual of America Capital Management LLC increased its position in shares of Stride by 1.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock valued at $675,000 after buying an additional 93 shares during the period. Arizona State Retirement System increased its position in shares of Stride by 0.8% during the fourth quarter. Arizona State Retirement System now owns 11,932 shares of the company’s stock valued at $1,240,000 after buying an additional 99 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Stride by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock valued at $2,151,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Stride by 1.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock valued at $1,047,000 after buying an additional 100 shares during the period. Finally, Bosun Asset Management LLC increased its position in shares of Stride by 1.4% during the fourth quarter. Bosun Asset Management LLC now owns 8,292 shares of the company’s stock valued at $862,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Down 5.4 %

Stride stock opened at $133.24 on Tuesday. Stride has a 1-year low of $56.17 and a 1-year high of $145.00. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 1.04 and a beta of 0.32. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $124.94 and a 200 day simple moving average of $102.57.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. On average, analysts predict that Stride will post 6.67 earnings per share for the current year.

About Stride

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.