Stride, Inc. (NYSE:LRN) Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has significantly increased its stake in Stride, Inc., raising its holdings by 319.5% and owning approximately 42,075 shares valued at $5.32 million.
• Wall Street analysts have a positive outlook for Stride, with a consensus rating of "Moderate Buy" and a price target averaging $135.17 amidst recent upgrades in ratings from various firms.
• Stride's stock has seen significant trading activity, climbing 15.5% to around $148.11, while the company reported strong earnings of $2.29 EPS, exceeding analyst expectations.

Natixis Advisors LLC lifted its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 319.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,075 shares of the company's stock after acquiring an additional 32,045 shares during the quarter. Natixis Advisors LLC owned 0.10% of Stride worth $5,322,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC boosted its position in Stride by 333.3% during the first quarter. Larson Financial Group LLC now owns 208 shares of the company's stock worth $26,000 after purchasing an additional 160 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Stride by 140.5% in 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. Point72 Hong Kong Ltd acquired a new stake in Stride in the 4th quarter valued at about $41,000. CIBC Private Wealth Group LLC increased its holdings in Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after acquiring an additional 178 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in Stride by 158.8% during the first quarter. Fifth Third Bancorp now owns 383 shares of the company's stock worth $48,000 after acquiring an additional 235 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Trading Down 2.9%

Shares of NYSE:LRN traded down $4.37 during midday trading on Thursday, reaching $143.95. The company's stock had a trading volume of 1,276,513 shares, compared to its average volume of 659,356. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 0.96 and a beta of 0.10. The business has a 50 day moving average price of $138.69 and a 200 day moving average price of $137.44. Stride, Inc. has a 1 year low of $63.25 and a 1 year high of $162.30. The company has a quick ratio of 5.53, a current ratio of 5.39 and a debt-to-equity ratio of 0.31.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $1.83 by $0.46. The company had revenue of $653.65 million during 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 firm's revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.42 EPS. Research analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

Analysts Set New Price Targets

LRN has been the topic of several research reports. Wall Street Zen upgraded shares of Stride from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Barrington Research reiterated an "outperform" rating and set a $170.00 target price on shares of Stride in a report on Thursday, July 24th. Morgan Stanley boosted their price target on Stride from $148.00 to $159.00 and gave the stock an "equal weight" rating in a report on Wednesday. BMO Capital Markets reaffirmed an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. Finally, William Blair restated an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Stride currently has an average rating of "Moderate Buy" and a consensus target price 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.