Cambridge Investment Research Advisors Inc. Invests $316,000 in Stride, Inc. (NYSE:LRN)

Cambridge Investment Research Advisors Inc. acquired a new stake in Stride, Inc. (NYSE:LRN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,502 shares of the company's stock, valued at approximately $316,000.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Stride by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 520,363 shares of the company's stock worth $54,081,000 after acquiring an additional 1,542 shares during the period. Assetmark Inc. increased its position in shares of Stride by 11,953.3% during the 4th quarter. Assetmark Inc. now owns 1,808 shares of the company's stock valued at $188,000 after purchasing an additional 1,793 shares during the last quarter. Atria Investments Inc increased its position in shares of Stride by 15.5% during the 4th quarter. Atria Investments Inc now owns 3,715 shares of the company's stock valued at $386,000 after purchasing an additional 499 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Stride by 5.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,947 shares of the company's stock worth $722,000 after acquiring an additional 367 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Stride by 2.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,814 shares of the company's stock worth $1,436,000 after acquiring an additional 393 shares during the last quarter. Institutional investors own 98.24% of the company's stock.

Stride Stock Down 1.2%

NYSE:LRN traded down $1.68 during trading hours on Friday, reaching $134.24. 560,279 shares of the company traded hands, compared to its average volume of 862,090. The business's 50-day moving average price is $147.18 and its two-hundred day moving average price is $134.28. The stock has a market capitalization of $5.84 billion, a P/E ratio of 20.94, a P/E/G ratio of 0.88 and a beta of 0.32. Stride, Inc. has a 1 year low of $63.25 and a 1 year high of $162.30. 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 announced its quarterly earnings data 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 company had revenue of $613.38 million for the quarter, compared to analysts' expectations of $591.15 million. Stride had a net margin of 13.10% and a return on equity of 23.36%. The firm's quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 EPS. Analysts predict that Stride, Inc. will post 6.67 earnings per share for the current year.

Analysts Set New Price Targets

LRN has been the topic of a number of recent analyst reports. Barrington Research lifted their price objective on Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. William Blair reiterated an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. BMO Capital Markets restated an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. Wall Street Zen upgraded Stride from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Finally, Canaccord Genuity Group raised their target price on Stride from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $126.83.

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.