In yesterday’s Wall Street session, Stride Inc. (NYSE:LRN) shares traded at $32.05, down -3.06% from the previous session.
5 analysts cover Stride Inc. (NYSE:LRN), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $65.00 and a low of $41.00, we find $48.50. Given the previous closing price of $33.06, this indicates a potential upside of 46.7 percent. LRN stock price is now -4.47% away from the 50-day moving average and -15.16% away from the 200-day moving average. The market capitalization of the company currently stands at $1.38B.
The stock has received a hold rating from 0 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $50.75 as their price target over the next twelve months.
With the price target maintained at $45, Morgan Stanley recently Upgraded its rating from Equal-Weight to Overweight for Stride Inc. (NYSE: LRN). On September 14, 2021, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $65, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
In other news, Mathis Vincent, EVP, GENERAL COUNSEL sold 53,506 shares of the company’s stock on May 23. The stock was sold for $1,967,951 at an average price of $36.78. Upon completion of the transaction, the EVP, GENERAL COUNSEL now directly owns 40,562 shares in the company, valued at $1.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 29, EXECUTIVE CHAIRMAN DAVIS NATHANIEL A sold 57,017 shares of the business’s stock. A total of $2,227,084 was realized by selling the stock at an average price of $39.06. This leaves the insider owning 170,786 shares of the company worth $5.47 million. Insiders disposed of 399,253 shares of company stock worth roughly $12.8 million over the past 1 year. A total of 4.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LRN stock. A new stake in Stride Inc. shares was purchased by PACER ADVISORS, INC. during the first quarter worth $6,867,000. MOODY ALDRICH PARTNERS LLC invested $4,246,000 in shares of LRN during the first quarter. In the first quarter, SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC acquired a new stake in Stride Inc. valued at approximately $3,305,000. PUBLIC SECTOR PENSION INVESTMENT BOARD acquired a new stake in LRN for approximately $2,387,000. NICHOLAS INVESTMENT PARTNERS, LP purchased a new stake in LRN valued at around $2,190,000 in the second quarter.
On Tuesday morning Stride Inc. (NYSE: LRN) stock kicked off with the opening price of $33.00. During the past 12 months, Stride Inc. has had a low of $25.65 and a high of $47.35. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 3.20, and a quick ratio of 3.10. The fifty day moving average price for LRN is $33.52 and a two-hundred day moving average price translates $37.76 for the stock.
The latest earnings results from Stride Inc. (NYSE: LRN) was released for Jun, 2022. According to the Education & Training Services Company, earnings per share came in at -$0.54, missing analysts’ expectations of -$0.13 by -0.41. This compares to -$0.15 EPS in the same period last year. The net profit margin was 5.30% and return on equity was 11.60% for LRN. The company reported revenue of $425.15 million for the quarter, compared to $400.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.23 percent. For the current quarter, analysts expect LRN to generate $442.35M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/1998. Investors who held shares on 12/14/1998 were paid a $0.99 dividend.
Stride Inc.(LRN) 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. Its technology-based products and services enable clients to attract, enroll, educate, track progress, and support students. The company offers integrated package of systems, services, products, and professional expertise to support a virtual or blended public school; individual online courses and supplemental educational products; and products and services for the general education market focused on subjects, including math, English, science, and history for kindergarten through twelfth grade students. It also provides career learning products and services that are focused on developing skills to enter in industries, including information technology, health care, and business; and focused post-secondary career learning programs, which include skills training for software engineering, healthcare, and medical fields to adult learners under Galvanize, Tech Elevator, and MedCerts brand names, as well as provides staffing and talent development services to employers. Stride, Inc. serves public and private schools, school districts, charter boards, consumers, employers, and government agencies. The company was formerly known as K12 Inc. and changed its name to Stride, Inc. in December 2020. Stride, Inc. was founded in 2000 and is headquartered in Reston, Virginia.