Private Advisory Group LLC Acquires Shares of 6,526 Stride, Inc. (NYSE:LRN)

Private Advisory Group LLC acquired a new stake in shares of Stride, Inc. (NYSE:LRN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,526 shares of the company's stock, valued at approximately $826,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its stake in Stride by 319.5% in the 1st quarter. Natixis Advisors LLC now owns 42,075 shares of the company's stock worth $5,322,000 after acquiring an additional 32,045 shares during the period. Bayforest Capital Ltd purchased a new stake in shares of Stride in the first quarter valued at $644,000. Vestcor Inc grew its position in shares of Stride by 4.6% in the first quarter. Vestcor Inc now owns 2,328 shares of the company's stock valued at $294,000 after purchasing an additional 102 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Stride in the first quarter valued at $95,000. Finally, Banque Cantonale Vaudoise purchased a new position in Stride during the first quarter worth about $828,000. Hedge funds and other institutional investors own 98.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on LRN. Wall Street Zen upgraded Stride from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. William Blair restated an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Barrington Research reaffirmed an "outperform" rating and set a $170.00 price target on shares of Stride in a research report on Thursday, July 24th. Canaccord Genuity Group lifted their price target on shares of Stride from $145.00 to $155.00 and gave the company a "buy" rating in a report on Monday, April 28th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $126.83.

Stride Trading Up 0.9%

LRN traded up $1.12 on Friday, reaching $129.35. 518,136 shares of the company's stock were exchanged, compared to its average volume of 768,797. Stride, Inc. has a twelve month low of $63.25 and a twelve month high of $162.30. The company's 50 day moving average is $140.27 and its 200-day moving average is $136.62. 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 $5.63 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 0.83 and a beta of 0.32.

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