Stride, Inc. (NYSE:LRN) has garnered an average recommendation of “Moderate Buy” from seven research firms currently covering the company, as reported by MarketBeat. This assessment includes two analysts who recommend holding the stock and five who suggest buying it. The consensus 12-month price target for Stride among these brokerages stands at $126.83.
Several analysts have recently provided insights on Stride’s performance. William Blair reaffirmed an “outperform” rating on April 30, 2023, while BMO Capital Markets echoed this sentiment with a similar rating on May 1, 2023. Notably, Barrington Research raised their target price from $150.00 to $170.00, maintaining an “outperform” rating. On June 21, 2023, Wall Street Zen upgraded Stride from a “hold” to a “buy” rating. Additionally, Canaccord Genuity Group increased their price objective from $145.00 to $155.00, also assigning a “buy” rating.
Current Stock Performance
On the trading front, shares of Stride opened at $134.24 on Monday. Over the past year, the stock has seen a low of $63.25 and a high of $162.30. The company’s financial ratios indicate strong liquidity, with a quick ratio of 5.53 and a current ratio of 5.61. Stride’s debt-to-equity ratio is relatively low at 0.33, suggesting a solid balance sheet.
In terms of averages, Stride has a 50-day simple moving average of $147.18 and a 200-day simple moving average of $134.28. With a market capitalization of $5.84 billion and a price-to-earnings (P/E) ratio of 20.94, the company is well-positioned financially. Its P/E growth (P/E/G) ratio of 0.88 and a beta of 0.32 indicate stable performance relative to market volatility.
Quarterly Earnings Overview
Stride announced its quarterly earnings on April 29, 2023. The company reported earnings per share (EPS) of $2.02, falling short of analysts’ consensus estimates of $2.09 by $0.07. The firm generated revenue of $613.38 million, exceeding the anticipated $591.15 million. Stride reported a net margin of 13.10% and a return on equity of 23.36%. Year-over-year, the company’s revenue increased by 17.8%, compared to $1.60 EPS during the same quarter last year. Analysts project that Stride will achieve an EPS of 6.67 for the current fiscal year.
Stride, Inc. operates as a technology-driven education service provider, offering proprietary and third-party online curricula, software systems, and educational services both in the United States and internationally. Its innovative products and services assist clients in attracting, enrolling, educating, tracking progress, and supporting students through personalized learning experiences.
Investors and analysts are keenly watching Stride’s performance as it continues to navigate the evolving landscape of education technology.
