HB Wealth Management LLC Makes New Investment in Stride, Inc. (NYSE:LRN)

Key Points

• HB Wealth Management LLC acquired a new stake in Stride, Inc. (NYSE:LRN) with the purchase of 2,435 shares, valued at approximately $308,000.
• Stride's stock has received multiple positive ratings upgrades, with analysts expecting a strong performance; the average target price is $126.83 indicating a potential growth outlook.
• Institutional investors own 98.24% of Stride's stock, highlighting strong institutional confidence in the company's future.

HB Wealth Management LLC purchased a new stake in shares of Stride, Inc. (NYSE:LRN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,435 shares of the company's stock, valued at approximately $308,000.

A number of other institutional investors have also recently made changes to their positions in LRN. Bosun Asset Management LLC raised its position in Stride by 1.4% in the fourth quarter. Bosun Asset Management LLC now owns 8,292 shares of the company's stock worth $862,000 after acquiring an additional 111 shares during the period. First Horizon Advisors Inc. raised its position in Stride by 140.5% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock worth $34,000 after acquiring an additional 156 shares during the period. Larson Financial Group LLC raised its position in Stride by 333.3% in the first quarter. Larson Financial Group LLC now owns 208 shares of the company's stock worth $26,000 after acquiring an additional 160 shares during the period. CIBC Private Wealth Group LLC raised its position in Stride by 85.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after acquiring an additional 178 shares during the period. Finally, NDVR Inc. raised its position in Stride by 5.1% in the fourth quarter. NDVR Inc. now owns 3,762 shares of the company's stock worth $391,000 after acquiring an additional 182 shares during the period. Hedge funds and other institutional investors own 98.24% of the company's stock.

Analyst Upgrades and Downgrades

LRN has been the topic of several recent research reports. Wall Street Zen upgraded shares of Stride from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Canaccord Genuity Group raised their price objective on shares of Stride from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, April 28th. William Blair restated an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Barrington Research restated an "outperform" rating and set a $170.00 price objective on shares of Stride in a research report on Thursday, July 24th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Stride currently has an average rating of "Moderate Buy" and a consensus price target of $126.83.

Stride Price Performance

LRN traded up $1.09 during trading on Monday, hitting $130.35. 565,269 shares of the company traded hands, compared to its average volume of 767,404. The company has a market cap of $5.67 billion, a PE ratio of 20.33, a P/E/G ratio of 0.83 and a beta of 0.10. The stock's 50-day simple moving average is $139.80 and its two-hundred day simple moving average is $137.10. Stride, Inc. has a 1 year low of $63.25 and a 1 year high of $162.30. The company has a current ratio of 5.61, a quick ratio of 5.53 and a debt-to-equity ratio of 0.33.

Stride Company Profile

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.