Stride, Inc. (NYSE:LRN) Receives $109.75 Consensus PT from Brokerages
by Scott Moore · The Cerbat GemStride, Inc. (NYSE:LRN – Get Free Report) has earned an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $109.75.
Several brokerages have recently commented on LRN. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stride in a research report on Monday, December 29th. Barrington Research restated an “outperform” rating and set a $125.00 price target on shares of Stride in a research report on Wednesday, January 28th. Wall Street Zen lowered Stride from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Canaccord Genuity Group restated a “buy” rating and set a $125.00 price target on shares of Stride in a research report on Wednesday, January 28th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Stride in a research report on Tuesday, March 3rd.
Check Out Our Latest Report on Stride
Hedge Funds Weigh In On Stride
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its position in Stride by 78.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after acquiring an additional 85 shares during the last quarter. Trail Ridge Investment Advisors LLC grew its position in Stride by 1.8% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 5,454 shares of the company’s stock worth $812,000 after acquiring an additional 96 shares during the last quarter. Campbell Newman Asset Management Inc. grew its position in Stride by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 24,272 shares of the company’s stock worth $3,615,000 after acquiring an additional 101 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in Stride by 5.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,168 shares of the company’s stock worth $323,000 after acquiring an additional 111 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Stride by 13.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 978 shares of the company’s stock worth $146,000 after acquiring an additional 115 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.
Stride Price Performance
Shares of Stride stock opened at $90.36 on Wednesday. The company has a current ratio of 7.27, a quick ratio of 7.19 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.85 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.55 and a beta of 0.05. The business’s 50-day moving average price is $86.24 and its 200-day moving average price is $87.48. Stride has a 12 month low of $60.61 and a 12 month high of $171.17.
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.