ProShare Advisors LLC Purchases 3,957 Shares of Stride, Inc. (NYSE:LRN)

ProShare Advisors LLC grew its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 44.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,839 shares of the company's stock after purchasing an additional 3,957 shares during the quarter. ProShare Advisors LLC's holdings in Stride were worth $1,334,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Occudo Quantitative Strategies LP purchased a new stake in Stride during the fourth quarter valued at approximately $566,000. NDVR Inc. grew its position in shares of Stride by 5.1% during the 4th quarter. NDVR Inc. now owns 3,762 shares of the company's stock valued at $391,000 after acquiring an additional 182 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Stride by 2.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,435 shares of the company's stock worth $3,059,000 after purchasing an additional 733 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Stride by 13.1% in the 4th quarter. Lazard Asset Management LLC now owns 39,356 shares of the company's stock worth $4,089,000 after purchasing an additional 4,552 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Stride by 27.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company's stock worth $155,251,000 after purchasing an additional 323,275 shares during the period. Institutional investors own 98.24% of the company's stock.

Wall Street Analyst Weigh In

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

Stride Price Performance

Shares of LRN traded down $1.36 during trading hours on Friday, reaching $153.03. 716,824 shares of the stock traded hands, compared to its average volume of 842,944. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $162.30. The company's 50-day moving average price is $139.89 and its two-hundred day moving average price is $125.18. The company has a market cap of $6.66 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). Stride had a net margin of 12.30% and a return on equity of 22.42%. The firm had revenue of $613.38 million for the quarter, compared to analysts' expectations of $591.15 million. During the same quarter last year, the firm posted $1.60 EPS. The firm's quarterly revenue was up 17.8% compared to the same quarter last year. On average, analysts anticipate 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.