Key Points
- Stride director Dylan Haggart bought 137,500 shares for about $10.6 million, increasing his holdings by 7.04% to roughly 2.09 million shares.
- Stride beat quarterly estimates, reporting $1.37 in earnings per share versus $1.07 expected and revenue of $639.38 million versus $612.25 million expected; revenue rose 3% year over year.
- Analysts’ consensus rating is “Moderate Buy”, with an average price target of $106.25.
Stride, Inc. (NYSE:LRN - Get Free Report) Director Dylan Haggart purchased 36,357 shares of Stride stock in a transaction dated Tuesday, November 3rd. The shares were acquired at an average cost of $74.91 per share, for a total transaction of $2,723,502.87. Following the transaction, the director directly owned 2,127,760 shares of the company's stock, valued at approximately $159,390,501.60. This represents a 1.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Stride Trading Down 0.7%
NYSE LRN opened at $75.17 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.53 and a current ratio of 2.56. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.42 and a beta of 0.16. The firm has a 50 day simple moving average of $81.08 and a 200-day simple moving average of $85.81. Stride, Inc. has a one year low of $60.61 and a one year high of $103.67.
Stride (NYSE:LRN - Get Free Report) last announced its earnings results on Tuesday, October 20th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.30. The firm had revenue of $639.38 million for the quarter, compared to the consensus estimate of $612.25 million. Stride had a net margin of 13.18% and a return on equity of 22.06%. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. Equities research analysts anticipate that Stride, Inc. will post 9.04 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have recently issued reports on LRN. Weiss Ratings upgraded Stride from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, October 16th. Zacks Research upgraded Stride from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 28th. William Blair cut Stride from an "outperform" rating to a "market perform" rating in a research note on Thursday, July 30th. BMO Capital Markets cut their price target on Stride from $93.00 to $90.00 and set a "market perform" rating on the stock in a report on Monday, October 5th. Finally, Barrington Research reduced their price target on Stride from $125.00 to $115.00 and set an "outperform" rating on the stock in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $106.25.
Get Our Latest Stock Report on Stride
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Jupiter Topco LLC purchased a new stake in shares of Stride in the 2nd quarter valued at approximately $199,715,000. Janus Henderson Group PLC raised its holdings in shares of Stride by 61.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,277,279 shares of the company's stock valued at $200,799,000 after purchasing an additional 862,849 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Stride by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,750,646 shares of the company's stock worth $154,339,000 after purchasing an additional 90,851 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Stride by 40.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,034,047 shares of the company's stock worth $91,172,000 after purchasing an additional 299,756 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Stride during the 2nd quarter worth $71,036,000. Hedge funds and other institutional investors own 98.24% of the company's stock.
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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