MRA Advisory Group Buys Shares of 3,505 Stride, Inc. (NYSE:LRN)

MRA Advisory Group bought a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,505 shares of the company's stock, valued at approximately $443,000.

Several other hedge funds have also recently bought and sold shares of LRN. Point72 Hong Kong Ltd acquired a new position in Stride during the 4th quarter worth about $41,000. CIBC Private Wealth Group LLC lifted its stake in Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after acquiring an additional 178 shares in the last quarter. Covestor Ltd increased its holdings in Stride by 51.6% during the 4th quarter. Covestor Ltd now owns 632 shares of the company's stock worth $66,000 after purchasing an additional 215 shares during the period. Gen Wealth Partners Inc purchased a new stake in Stride during the 4th quarter worth about $75,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Stride during the 4th quarter worth about $77,000. Institutional investors and hedge funds own 98.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LRN. Barrington Research upped their target price on shares of Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Wall Street Zen lowered shares of Stride from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Canaccord Genuity Group upped their target price on shares of Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. William Blair restated an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $126.83.

Stride Stock Down 2.8%

Shares of LRN traded down $4.14 during mid-day trading on Monday, reaching $141.32. The company's stock had a trading volume of 834,879 shares, compared to its average volume of 857,498. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30. The stock has a market cap of $6.15 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.04 and a beta of 0.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The company's 50 day moving average is $144.84 and its 200 day moving average is $128.96.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). The firm had revenue of $613.38 million for the quarter, compared to analysts' expectations of $591.15 million. Stride had a return on equity of 22.42% and a net margin of 12.30%. The company's quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 EPS. Equities analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

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.