8,992 Shares in Stride, Inc. $LRN Bought by Kiker Wealth Management LLC

Key Points

• Kiker Wealth Management LLC acquired 8,992 shares of Stride, Inc. (NYSE: LRN) in Q2, valued at approximately $1.3 million.
• Analysts have mixed views on Stride, with ratings ranging from "buy" to "hold," and an average price target of $146.40.
• Stride reported earnings of $2.29 per share, exceeding the consensus estimate and reflecting a 22.4% increase in revenue compared to the previous year.

Kiker Wealth Management LLC acquired a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,992 shares of the company's stock, valued at approximately $1,306,000.

A number of other institutional investors have also made changes to their positions in LRN. Wealthcare Advisory Partners LLC acquired a new stake in shares of Stride during the first quarter worth $211,000. GAMMA Investing LLC grew its stake in Stride by 18.5% in the first quarter. GAMMA Investing LLC now owns 2,925 shares of the company's stock valued at $370,000 after acquiring an additional 457 shares during the period. Fifth Third Bancorp grew its stake in Stride by 158.8% in the first quarter. Fifth Third Bancorp now owns 383 shares of the company's stock valued at $48,000 after acquiring an additional 235 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Stride in the first quarter valued at about $582,000. Finally, Ritholtz Wealth Management grew its stake in Stride by 27.4% in the first quarter. Ritholtz Wealth Management now owns 12,800 shares of the company's stock valued at $1,619,000 after acquiring an additional 2,753 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LRN shares. Barrington Research reissued an "outperform" rating and issued a $185.00 target price on shares of Stride in a research note on Tuesday, September 23rd. Wall Street Zen downgraded shares of Stride from a "buy" rating to a "hold" rating in a research report on Saturday, October 4th. Morgan Stanley increased their price objective on shares of Stride from $148.00 to $159.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Stride in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Stride currently has an average rating of "Moderate Buy" and an average target price of $146.40.

Stride Stock Up 0.2%

LRN stock opened at $144.88 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.39 and a quick ratio of 5.27. The stock has a market capitalization of $6.32 billion, a P/E ratio of 24.07, a P/E/G ratio of 0.82 and a beta of 0.07. The business has a 50-day moving average of $152.94 and a 200-day moving average of $145.19. Stride, Inc. has a fifty-two week low of $63.25 and a fifty-two week high of $171.17.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.46. Stride had a return on equity of 25.51% and a net margin of 11.97%.The company had revenue of $653.65 million during the quarter, compared to analysts' expectations of $626.23 million. During the same period in the prior year, the firm earned $1.42 earnings per share. Stride's revenue for the quarter was up 22.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO James Jeaho Rhyu sold 13,961 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total value of $2,270,896.26. Following the completion of the sale, the chief executive officer owned 706,353 shares of the company's stock, valued at approximately $114,895,378.98. This represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

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.

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