Key Points
- Stride director Dylan Haggart bought 792 shares at an average price of $78.52, investing $62,187.84 and increasing his direct holdings to approximately 1.9 million shares.
- Stride beat quarterly expectations, reporting EPS of $1.37 versus the $1.07 consensus and revenue of $639.38 million, up 3% year over year.
- Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $106.25; institutional investors own 98.24% of the company.
Stride, Inc. (NYSE:LRN - Get Free Report) Director Dylan Haggart purchased 792 shares of the business's stock in a transaction on Tuesday, October 27th. The shares were bought at an average cost of $78.52 per share, with a total value of $62,187.84. Following the acquisition, the director directly owned 1,899,703 shares of the company's stock, valued at $149,164,679.56. This trade represents a 0.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Stride Stock Performance
Shares of LRN opened at $80.53 on Friday. The company has a quick ratio of 2.53, a current ratio of 2.56 and a debt-to-equity ratio of 0.06. The business has a 50-day simple moving average of $81.55 and a two-hundred day simple moving average of $85.70. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 0.44 and a beta of 0.14. Stride, Inc. has a 52 week low of $60.61 and a 52 week high of $103.67.
Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.07 by $0.30. Stride had a return on equity of 22.06% and a net margin of 13.18%. The firm had revenue of $639.38 million for the quarter, compared to the consensus estimate of $612.25 million. During the same quarter last year, the company earned $1.40 earnings per share. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts expect that Stride, Inc. will post 9.04 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. BMO Capital Markets reduced their target price on shares of Stride from $93.00 to $90.00 and set a "market perform" rating for the company in a report on Monday, October 5th. Barrington Research lowered their price target on shares of Stride from $125.00 to $115.00 and set an "outperform" rating on the stock in a report on Friday, October 23rd. Weiss Ratings upgraded shares of Stride from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, October 16th. Finally, William Blair cut shares of Stride from an "outperform" rating to a "market perform" rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $106.25.
View Our Latest Stock Report on Stride
Institutional Investors Weigh In On Stride
Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in shares of Stride by 108.7% in the first quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company's stock worth $38,000 after acquiring an additional 225 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Stride during the second quarter worth about $46,000. Caitlin John LLC purchased a new stake in shares of Stride during the second quarter worth about $49,000. John Boyer Inc. purchased a new stake in shares of Stride during the third quarter worth about $67,000. Finally, Bard Associates Inc. bought a new stake in Stride during the 2nd quarter valued at approximately $88,000. 98.24% of the stock is owned by institutional investors.
Stride Company Profile
(
Get Free Report)
Stride, Inc is an education technology company that provides online and blended learning programs for K-12 students. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instructional software, teaching support and student services. Its offerings are designed to support full-time virtual schools, supplemental courses and traditional schools incorporating online learning.
Stride also provides career-focused education through programs that combine academic instruction with career exploration, technical training and industry-aligned learning opportunities.
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