Edgestream Partners L.P. Invests $2.06 Million in Stride, Inc. (NYSE:LRN)

Edgestream Partners L.P. acquired a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,304 shares of the company's stock, valued at approximately $2,062,000.

A number of other large investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its stake 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 last quarter. Fifth Third Bancorp raised its stake in shares of Stride by 158.8% during the 1st 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. CIBC Private Wealth Group LLC raised its stake in shares of Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after buying an additional 178 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Stride in the 4th quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC increased its stake in Stride by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 400 shares of the company's stock valued at $51,000 after purchasing an additional 200 shares in the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Stride Trading Down 0.0%

Stride stock opened at $133.05 on Friday. Stride, Inc. has a one year low of $63.25 and a one year high of $162.30. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 0.86 and a beta of 0.32. The firm has a 50-day moving average of $145.19 and a 200-day moving average of $135.06. The company has a debt-to-equity ratio of 0.33, a current ratio of 5.61 and a quick ratio of 5.53.

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). Stride had a net margin of 13.10% and a return on equity of 23.36%. The firm had revenue of $613.38 million during the quarter, compared to the consensus estimate of $591.15 million. During the same period last year, the business earned $1.60 earnings per share. The business's revenue was up 17.8% compared to the same quarter last year. On average, equities analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

About Stride

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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