The stock of Stride Inc (NYSE:LRN) last traded at $65.66, up 2.53% from the previous session.
LRN stock price is now -18.06% away from the 50-day moving average and -4.45% away from the 200-day moving average. The market capitalization of the company currently stands at $2.84B.
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With the price target enhanced from $77 to $90, Citigroup Downgraded its rating from Buy to Neutral for Stride Inc (NYSE: LRN). On August 08, 2024, Canaccord Genuity recently initiated its ‘Buy’ rating on the stock quoting a target price of $94, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, COHEN ROBERT, Director sold 4,362 shares of the company’s stock on Dec 11 ’23. The stock was sold for $264,163 at an average price of $60.56. Upon completion of the transaction, the Director now directly owns 9,495 shares in the company, valued at $0.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’23, Director McFadden Eliza sold 11,977 shares of the business’s stock. A total of $691,073 was realized by selling the stock at an average price of $57.70. A total of 5.64% of the company’s stock is owned by insiders.
During the past 12 months, Stride Inc has had a low of $43.77 and a high of $88.02. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 5.10, and a quick ratio of 4.95. According to the stock market information, the enterprise value for the company is $2873848576, which is based on a 14.07 price-to-earnings ratio, a 0.70 price-to-earnings-growth ratio, and a beta of 0.28. The fifty day moving average price for LRN is $80.1354 and a two-hundred day moving average price translates $68.71485 for the stock.
The latest earnings results from Stride Inc (NYSE: LRN) was released for 2021-06-30. The net profit margin was 10.01% and return on equity was 19.23% for LRN. The company reported revenue of $534.18 million for the quarter, compared to $483.49 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.49 percent.
