Baader Bank Aktiengesellschaft Invests $271,000 in Stride, Inc. $LRN

Key Points

• Baader Bank Aktiengesellschaft has made a new investment in Stride, Inc., acquiring 1,907 shares valued at approximately $271,000 during the 2nd quarter.
• Stride's earnings for the last quarter exceeded expectations, reporting $2.29 earnings per share (EPS) against an estimated $1.83, with revenues of $653.65 million, surpassing forecasted revenue of $626.23 million.
• Analysts have a consensus rating of "Moderate Buy" for Stride, with recent price targets ranging from $148.00 to $185.00 as several firms have upgraded their outlook on the stock.

Baader Bank Aktiengesellschaft purchased a new stake in shares of Stride, Inc. (NYSE:LRN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,907 shares of the company's stock, valued at approximately $271,000.

A number of other large investors also recently bought and sold shares of LRN. Larson Financial Group LLC lifted its position 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 last quarter. First Horizon Advisors Inc. lifted its position in shares of Stride by 140.5% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock worth $34,000 after purchasing an additional 156 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Stride by 374.6% during the first quarter. Harbour Investments Inc. now owns 337 shares of the company's stock worth $43,000 after purchasing an additional 266 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Stride during the first quarter worth about $43,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Stride by 62.7% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company's stock worth $43,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LRN shares. Wall Street Zen raised shares of Stride from a "hold" rating to a "buy" rating in a research report on Saturday. Barrington Research increased their price target on shares of Stride from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Finally, Morgan Stanley raised their target price on shares of Stride from $148.00 to $159.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Stride presently has a consensus rating of "Moderate Buy" and an average target price of $146.40.

Stride Stock Performance

NYSE:LRN traded down $1.73 during midday trading on Tuesday, reaching $142.34. The stock had a trading volume of 88,284 shares, compared to its average volume of 776,080. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $171.17. The company has a quick ratio of 5.27, a current ratio of 5.39 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $148.64 and a two-hundred day simple moving average of $142.85. The stock has a market cap of $6.21 billion, a P/E ratio of 23.73, a P/E/G ratio of 0.83 and a beta of 0.22.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $2.29 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $626.23 million. During the same quarter last year, the company earned $1.42 earnings per share. Stride's quarterly revenue was up 22.4% compared to the same quarter last year. On average, equities analysts expect that Stride, Inc. will post 6.67 EPS for the current year.

Insider Buying and Selling

In other Stride news, CEO James Jeaho Rhyu sold 13,961 shares of the firm's stock in a transaction 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 trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.00% of the company's stock.

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.