Simplicity Wealth LLC Invests $252,000 in Stride, Inc. (NYSE:LRN)

Simplicity Wealth LLC purchased a new stake in Stride, Inc. (NYSE:LRN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,990 shares of the company's stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock worth $90,024,000 after buying an additional 645,835 shares during the last quarter. Congress Asset Management Co. lifted its holdings in Stride by 102.2% during the 1st quarter. Congress Asset Management Co. now owns 1,169,748 shares of the company's stock worth $147,973,000 after buying an additional 591,208 shares during the last quarter. Norges Bank bought a new position in Stride during the 4th quarter worth approximately $45,306,000. Arrowstreet Capital Limited Partnership raised its position in shares of Stride by 783.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company's stock worth $47,095,000 after purchasing an additional 401,838 shares during the period. Finally, William Blair Investment Management LLC raised its position in shares of Stride by 18.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock worth $256,397,000 after purchasing an additional 375,686 shares during the period. Hedge funds and other institutional investors own 98.24% of the company's stock.

Stride Stock Performance

LRN traded up $0.25 during trading hours on Monday, hitting $143.50. The company's stock had a trading volume of 439,303 shares, compared to its average volume of 854,890. Stride, Inc. has a fifty-two week low of $63.25 and a fifty-two week high of $162.30. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $6.25 billion, a PE ratio of 23.96, a PEG ratio of 1.04 and a beta of 0.35. The company has a 50-day simple moving average of $146.42 and a 200 day simple moving average of $130.18.

Stride (NYSE:LRN - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.07). Stride had a net margin of 12.30% and a return on equity of 22.42%. The business had revenue of $613.38 million during the quarter, compared to analyst estimates of $591.15 million. During the same quarter in the prior year, the business earned $1.60 earnings per share. The firm's revenue was up 17.8% compared to the same quarter last year. As a group, sell-side analysts expect that Stride, Inc. will post 6.67 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. William Blair reiterated an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Barrington Research increased their price target on Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Wall Street Zen cut Stride from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Finally, Canaccord Genuity Group increased their price target on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.83.

Stride 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.