Blue Bell Private Wealth Management LLC Purchases New Position in Stride, Inc. (NYSE:LRN)

Blue Bell Private Wealth Management LLC bought a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,009 shares of the company's stock, valued at approximately $254,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC raised its stake in shares of Stride by 333.3% in the first quarter. Larson Financial Group LLC now owns 208 shares of the company's stock worth $26,000 after buying an additional 160 shares during the period. First Horizon Advisors Inc. boosted its holdings in Stride by 140.5% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock valued at $34,000 after acquiring an additional 156 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Stride in the fourth quarter valued at approximately $41,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Stride by 85.6% in 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 Stride by 158.8% in the first quarter. Fifth Third Bancorp now owns 383 shares of the company's stock worth $48,000 after buying an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

Analyst Upgrades and Downgrades

LRN has been the topic of several recent analyst reports. Canaccord Genuity Group increased 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. Barrington Research increased their price objective on shares of Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. William Blair reissued an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Wall Street Zen raised shares of Stride from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Stride has an average rating of "Moderate Buy" and a consensus price target of $126.83.

Stride Stock Up 0.4%

LRN stock opened at $133.23 on Monday. The company has a market cap of $5.80 billion, a P/E ratio of 20.78, a P/E/G ratio of 0.86 and a beta of 0.32. Stride, Inc. has a 52 week low of $63.25 and a 52 week high of $162.30. The company's 50-day moving average price is $144.73 and its 200 day moving average price is $135.69. 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 (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). The company had revenue of $613.38 million for the quarter, compared to analysts' expectations of $591.15 million. Stride had a return on equity of 23.36% and a net margin of 13.10%. The firm's quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.60 EPS. On average, research analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

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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