Universal Beteiligungs und Servicegesellschaft mbH Buys 15,572 Shares of Stride, Inc. (NYSE:LRN)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Stride, Inc. by 34.8%, now holding 60,311 shares valued at approximately $7.63 million.
• Stride's earnings report for the quarter showed $2.02 earnings per share, missing analysts' estimates of $2.09, despite revenues rising 17.8% year-over-year to $613.38 million.
• Canaccord Genuity raised its price target on Stride from $145 to $155, affirming a "buy" rating, contributing to a general consensus rating of "Moderate Buy" for the stock.

Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 34.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,311 shares of the company's stock after purchasing an additional 15,572 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Stride worth $7,629,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bosun Asset Management LLC raised its position in shares of Stride by 1.4% in the 4th quarter. Bosun Asset Management LLC now owns 8,292 shares of the company's stock worth $862,000 after acquiring an additional 111 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Stride by 140.5% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock valued at $34,000 after buying an additional 156 shares during the period. Larson Financial Group LLC increased its stake in shares of Stride by 333.3% in the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company's stock valued at $26,000 after acquiring an additional 160 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Stride by 85.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after purchasing an additional 178 shares during the period. Finally, NDVR Inc. raised its holdings in shares of Stride by 5.1% during the fourth quarter. NDVR Inc. now owns 3,762 shares of the company's stock valued at $391,000 after purchasing an additional 182 shares during the period. 98.24% of the stock is owned by institutional investors.

Stride Price Performance

Shares of NYSE:LRN traded down $1.30 during trading on Monday, reaching $128.64. The company had a trading volume of 592,403 shares, compared to its average volume of 774,844. The stock has a market capitalization of $5.60 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 0.84 and a beta of 0.32. The company has a current ratio of 5.61, a quick ratio of 5.53 and a debt-to-equity ratio of 0.33. Stride, Inc. has a 12 month low of $63.25 and a 12 month high of $162.30. The company has a fifty day moving average of $142.47 and a two-hundred day moving average of $136.48.

Stride (NYSE:LRN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). The business had revenue of $613.38 million during 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%. Stride's revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 EPS. Equities research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Ratings Changes

LRN has been the topic of several recent research reports. Barrington Research reiterated an "outperform" rating and issued a $170.00 price target on shares of Stride in a report on Thursday. BMO Capital Markets reissued an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Canaccord Genuity Group increased 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. William Blair reaffirmed an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Finally, Wall Street Zen raised shares of Stride from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.83.

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.