Elevation Point Wealth Partners LLC Takes Position in Stride, Inc. (NYSE:LRN)

Elevation Point Wealth Partners LLC purchased a new stake in shares of Stride, Inc. (NYSE:LRN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,604 shares of the company's stock, valued at approximately $582,000.

A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Stride by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company's stock valued at $485,706,000 after purchasing an additional 69,888 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of Stride by 18.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock valued at $256,397,000 after buying an additional 375,686 shares during the period. Janus Henderson Group PLC increased its stake in shares of Stride by 27.6% during the fourth quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company's stock valued at $155,251,000 after buying an additional 323,275 shares during the period. Congress Asset Management Co. raised its holdings in shares of Stride by 102.2% in the first quarter. Congress Asset Management Co. now owns 1,169,748 shares of the company's stock valued at $147,973,000 after acquiring an additional 591,208 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Stride by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 970,395 shares of the company's stock worth $100,877,000 after acquiring an additional 5,694 shares during the period. Hedge funds and other institutional investors own 98.24% of the company's stock.

Analyst Upgrades and Downgrades

LRN has been the topic of a number of research reports. Canaccord Genuity Group raised their target price on shares of Stride from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, April 28th. William Blair reissued an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Barrington Research upped their target price on Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Wall Street Zen lowered Stride from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $126.83.

Stride Stock Performance

Shares of NYSE LRN traded up $0.14 during mid-day trading on Thursday, hitting $144.64. The stock had a trading volume of 390,579 shares, compared to its average volume of 854,272. The company has a 50 day moving average of $146.86 and a two-hundred day moving average of $130.38. Stride, Inc. has a twelve month low of $63.25 and a twelve month high of $162.30. The company has a debt-to-equity ratio of 0.33, a quick ratio of 5.53 and a current ratio of 5.61. The firm has a market cap of $6.29 billion, a PE ratio of 22.56, a PEG ratio of 1.02 and a beta of 0.35.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). Stride had a return on equity of 23.36% and a net margin of 13.10%. The firm had revenue of $613.38 million for the quarter, compared to analyst estimates of $591.15 million. During the same period last year, the firm earned $1.60 EPS. The company's revenue for the quarter was up 17.8% compared to the same quarter last year. Research analysts predict that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Stride Company 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.