Keybank National Association OH Increases Position in Stride, Inc. (NYSE:LRN)

Keybank National Association OH boosted its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 65.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,413 shares of the company's stock after acquiring an additional 2,544 shares during the period. Keybank National Association OH's holdings in Stride were worth $811,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of LRN. DAVENPORT & Co LLC purchased a new stake in Stride during the 1st quarter worth approximately $461,000. Canandaigua National Bank & Trust Co. acquired a new position in Stride during the 1st quarter valued at approximately $273,000. GAMMA Investing LLC increased its stake in Stride by 14,892.4% during the 1st quarter. GAMMA Investing LLC now owns 370,013 shares of the company's stock valued at $46,807,000 after purchasing an additional 367,545 shares in the last quarter. Kendall Capital Management increased its stake in Stride by 24.4% during the 4th quarter. Kendall Capital Management now owns 23,135 shares of the company's stock valued at $2,404,000 after purchasing an additional 4,545 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Stride by 120.6% during the 4th quarter. Wellington Management Group LLP now owns 607,581 shares of the company's stock valued at $63,146,000 after purchasing an additional 332,098 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on LRN. Wall Street Zen upgraded shares of Stride from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Barrington Research upped their price objective on shares of Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Stride in a report on Thursday, May 1st. William Blair reissued an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Finally, Canaccord Genuity Group upped their target price on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.83.

Stride Trading Down 1.3%

Shares of NYSE LRN traded down $1.82 during trading on Tuesday, reaching $136.40. The stock had a trading volume of 624,588 shares, compared to its average volume of 860,276. 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 company has a market cap of $5.94 billion, a P/E ratio of 21.28, a PEG ratio of 0.89 and a beta of 0.32. The business's 50-day moving average price is $148.22 and its 200-day moving average price is $133.83. Stride, Inc. has a fifty-two week low of $63.25 and a fifty-two week high of $162.30.

Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings results 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 business 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 revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the company earned $1.60 earnings per share. On average, equities 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.