Banque Cantonale Vaudoise Makes New $828,000 Investment in Stride, Inc. (NYSE:LRN)

Key Points

• Banque Cantonale Vaudoise has invested approximately $828,000 in Stride, Inc. (NYSE:LRN) by purchasing 6,542 shares, as reported in its latest SEC filing.
• Stride, Inc. recently reported **earnings per share** of $2.02, which missed analyst expectations, but revenue of $613.38 million exceeded forecasts, marking a **17.8% year-over-year increase**.
• Analysts have generally favorable views toward Stride, with two hold ratings and six buy ratings, as Canaccord Genuity raises its price target from $145.00 to $155.00.

Banque Cantonale Vaudoise purchased a new stake in Stride, Inc. (NYSE:LRN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,542 shares of the company's stock, valued at approximately $828,000.

Several other hedge funds have also recently bought and sold shares of LRN. Larson Financial Group LLC raised its holdings in Stride by 333.3% in the first quarter. Larson Financial Group LLC now owns 208 shares of the company's stock valued at $26,000 after buying an additional 160 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Stride by 140.5% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock valued at $34,000 after purchasing an additional 156 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Stride during the fourth quarter valued at approximately $41,000. CIBC Private Wealth Group LLC raised its stake in shares of Stride by 85.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after purchasing an additional 178 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Stride by 158.8% during the first quarter. Fifth Third Bancorp now owns 383 shares of the company's stock valued at $48,000 after purchasing an additional 235 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 topic of a number of analyst reports. Barrington Research reiterated an "outperform" rating and set a $170.00 price objective on shares of Stride in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of Stride from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. William Blair reissued an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Canaccord Genuity Group raised their price target on shares of Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Stride presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.83.

Stride Stock Performance

Stride stock traded up $1.12 during mid-day trading on Friday, reaching $129.35. The company's stock had a trading volume of 518,136 shares, compared to its average volume of 524,845. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 0.83 and a beta of 0.10. The business has a 50 day moving average price of $139.80 and a 200-day moving average price of $136.94. 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, Inc. has a twelve month low of $63.25 and a twelve month high of $162.30.

Stride 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.