Intrust Bank NA Buys Shares of 1,838 Stride, Inc. (NYSE:LRN)

Intrust Bank NA purchased a new stake in Stride, Inc. (NYSE:LRN - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 1,838 shares of the company's stock, valued at approximately $233,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC lifted its holdings in shares of Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company's stock valued at $26,000 after purchasing an additional 160 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Stride by 140.5% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock valued at $34,000 after buying an additional 156 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Stride in the fourth quarter valued at approximately $41,000. CIBC Private Wealth Group LLC increased its position in shares of Stride by 85.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after acquiring an additional 178 shares in the last quarter. Finally, Harbour Investments Inc. increased 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 acquiring an additional 266 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

Stride Stock Performance

LRN opened at $143.95 on Friday. The business's 50-day simple moving average is $138.69 and its 200 day simple moving average is $137.44. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $162.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.53 and a current ratio of 5.39. The firm has a market capitalization of $6.27 billion, a PE ratio of 23.91, a PEG ratio of 0.96 and a beta of 0.10.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.46. The company had revenue of $653.65 million for the quarter, compared to analysts' expectations of $626.23 million. Stride had a return on equity of 25.51% and a net margin of 11.97%. The business's revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.42 EPS. As a group, sell-side analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on LRN. Canaccord Genuity Group boosted their price objective 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. BMO Capital Markets reaffirmed an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. William Blair reissued an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Morgan Stanley boosted their target price on Stride from $148.00 to $159.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, Barrington Research reiterated an "outperform" rating and issued a $170.00 price objective on shares of Stride in a report on Thursday, July 24th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stride presently has an average rating of "Moderate Buy" and a consensus price target of $135.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.