Wellington Grp LLC lifted its holdings in shares of Stride, Inc. (NYSE:LRN – Free Report) by 427.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,656 shares of the company’s stock after purchasing an additional 14,307 shares during the quarter. Wellington Grp LLC’s holdings in Stride were worth $1,557,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in LRN. Newbridge Financial Services Group Inc. acquired a new position in Stride in the second quarter valued at $25,000. Northwestern Mutual Wealth Management Co. boosted its stake in Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after buying an additional 85 shares during the last quarter. Leonteq Securities AG acquired a new stake in Stride in the 4th quarter worth about $35,000. EverSource Wealth Advisors LLC boosted its stake in Stride by 108.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company’s stock worth $38,000 after buying an additional 225 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Stride by 482.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 617 shares of the company’s stock valued at $40,000 after buying an additional 511 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.
Analysts Set New Price Targets
LRN has been the subject of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Stride in a research note on Thursday, April 16th. William Blair cut shares of Stride from an “outperform” rating to a “market perform” rating in a research report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Stride in a report on Wednesday, July 8th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research report on Monday, June 15th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $109.75.
Stride Price Performance
Shares of Stride stock opened at $80.42 on Friday. Stride, Inc. has a twelve month low of $60.61 and a twelve month high of $171.17. The stock has a market capitalization of $3.42 billion, a P/E ratio of 12.41, a PEG ratio of 0.47 and a beta of 0.10. The company has a current ratio of 6.21, a quick ratio of 6.14 and a debt-to-equity ratio of 0.29. The business’s fifty day moving average price is $89.79 and its 200 day moving average price is $87.47.
Stride (NYSE:LRN – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.09. The company had revenue of $629.87 million for the quarter, compared to the consensus estimate of $629.69 million. Stride had a return on equity of 25.20% and a net margin of 12.15%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $2.02 EPS. As a group, research analysts anticipate that Stride, Inc. will post 8.21 earnings per share for the current year.
Stride Company Profile
Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.
In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.
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