Stride (NYSE:LRN) Hits New 1-Year High – Still a Buy?

Stride, Inc. (NYSE:LRN) reached 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 trading hands. The stock had previously closed at $106.99.

Analyst Ratings Changes

Several research analysts have recently commented on LRN shares. BMO Capital Markets lifted their price objective on Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group increased their price objective on Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barrington Research lifted their target price on shares of Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Citigroup increased their price target on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.17.

Stride Stock Performance

The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $4.84 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 0.80 and a beta of 0.30. The business’s 50 day simple moving average is $89.57 and its two-hundred day simple moving average is $79.59.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.72. Stride had a net margin of 11.38% and a return on equity of 21.23%. The company had revenue of $551.08 million during the quarter, compared to analyst estimates of $504.29 million. During the same period in the previous year, the business earned $0.11 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. Sell-side analysts anticipate that Stride, Inc. will post 6.66 EPS for the current fiscal year.

Insider Activity at Stride

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

Institutional Trading of Stride

Several large investors have recently modified their holdings of LRN. nVerses Capital LLC bought a new stake in shares of Stride during the 2nd quarter valued at about $78,000. Mendota Financial Group LLC bought a new stake in Stride during the third quarter valued at approximately $86,000. TD Private Client Wealth LLC increased its holdings in Stride by 27.7% during the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock valued at $167,000 after buying an additional 426 shares during the last quarter. GAMMA Investing LLC increased its holdings in Stride by 45.3% during the third quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock valued at $176,000 after buying an additional 643 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its position in Stride by 24.2% in the third quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company’s stock worth $184,000 after acquiring an additional 420 shares during the period. Institutional investors own 98.24% of the company’s stock.

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.