In Friday’s Wall Street session, Stride Inc (NYSE:LRN) shares traded at $140.20, up 0.62% from the previous session.
LRN stock price is now 19.90% away from the 50-day moving average and 58.73% away from the 200-day moving average. The market capitalization of the company currently stands at $6.11B.
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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, BARRETT FAMILY TRUST, Retired from Board of Director bought 3,500 shares of the company’s stock on Feb 13 ’25. The stock was bought for $488,372 at an average price of $139.53. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’25, Retired from Board of Director BARRETT FAMILY TRUST bought 3,500 shares of the business’s stock. A total of $490,037 was incurred on buying the stock at an average price of $140.01. A total of 5.48% of the company’s stock is owned by insiders.
During the past 12 months, Stride Inc has had a low of $54.81 and a high of $145.00. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 6.02, and a quick ratio of 5.93. According to the stock market information, the enterprise value for the company is $6076557824, which is based on a 23.44 price-to-earnings ratio, a 1.12 price-to-earnings-growth ratio, and a beta of 0.46. The fifty day moving average price for LRN is $116.9328 and a two-hundred day moving average price translates $88.3248 for the stock.
The latest earnings results from Stride Inc (NYSE: LRN) was released for 2021-06-30. The net profit margin was 12.30% and return on equity was 22.95% for LRN. The company reported revenue of $587.21 million for the quarter, compared to $504.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.31 percent.
