OneDigital Investment Advisors LLC purchased a new stake in Stride, Inc. (NYSE:LRN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,190 shares of the company's stock, valued at approximately $404,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in shares of Stride by 140.5% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock worth $34,000 after buying an additional 156 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Stride by 158.8% in the 1st quarter. Fifth Third Bancorp now owns 383 shares of the company's stock valued at $48,000 after buying an additional 235 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Stride by 85.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after buying an additional 178 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Stride in the fourth quarter valued at $41,000. Finally, Golden State Wealth Management LLC lifted its stake in Stride by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 400 shares of the company's stock valued at $51,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.
Analysts Set New Price Targets
Several brokerages have issued reports on LRN. BMO Capital Markets reaffirmed an "outperform" rating on shares of Stride in a report on Thursday, May 1st. Barrington Research lifted their price target on Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Wall Street Zen raised Stride from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. William Blair reiterated an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Finally, Canaccord Genuity Group lifted their price target 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.83.
Read Our Latest Stock Report on Stride
Stride Price Performance
LRN traded up $0.42 during trading on Monday, reaching $134.91. 551,215 shares of the company were exchanged, compared to its average volume of 789,303. The company's 50-day moving average is $147.18 and its two-hundred day moving average is $134.68. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 0.87 and a beta of 0.32. The company has a quick ratio of 5.53, a current ratio of 5.61 and a debt-to-equity ratio of 0.33. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30.
Stride (NYSE:LRN - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). The company had revenue of $613.38 million during the quarter, compared to analysts' expectations of $591.15 million. Stride had a net margin of 13.10% and a return on equity of 23.36%. The company's revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.60 earnings per share. Research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.
Stride Company Profile
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Free Report)
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.
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