Stride (NYSE:LRN) Sets New 1-Year High – Should You Buy?

Stride, Inc. (NYSE:LRN) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $109.30 and last traded at $109.17, with a volume of 113762 shares. The stock had previously closed at $106.99.

Analysts Set New Price Targets

LRN has been the topic of several recent research reports. Citigroup upped their price objective on Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Barrington Research boosted their target price on Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group boosted their target price on Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets upped their price objective on Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Stride currently has a consensus rating of “Moderate Buy” and an average price target of $90.17.

Stride Stock Up 0.7 %

The business has a 50 day moving average of $90.60 and a two-hundred day moving average of $80.08. The stock has a market capitalization of $4.83 billion, a PE ratio of 20.15, a PEG ratio of 0.83 and a beta of 0.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. The company had revenue of $551.08 million for the quarter, compared to the consensus estimate of $504.29 million. Stride had a return on equity of 21.23% and a net margin of 11.38%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. Analysts predict that Stride, Inc. will post 6.66 EPS for the current year.

Insider Activity at Stride

In other news, Director Todd Goldthwaite sold 8,028 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the completion of the sale, the director now directly owns 85,058 shares in the company, valued at $7,786,209.32. The trade was a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by company insiders.

Institutional Trading of Stride

A number of institutional investors have recently made changes to their positions in LRN. nVerses Capital LLC acquired a new position in Stride during the second quarter worth $78,000. Mendota Financial Group LLC acquired a new position in shares of Stride in the 3rd quarter valued at $86,000. TD Private Client Wealth LLC lifted its stake in shares of Stride by 27.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock valued at $167,000 after purchasing an additional 426 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Stride by 45.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock valued at $176,000 after purchasing an additional 643 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in shares of Stride by 24.2% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company’s stock valued at $184,000 after purchasing an additional 420 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Company Profile

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.