Victory Capital Management Inc. Has $35.21 Million Stock Position in Stride, Inc. (NYSE:LRN)

Victory Capital Management Inc. cut its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 58.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 278,371 shares of the company's stock after selling 388,265 shares during the quarter. Victory Capital Management Inc. owned 0.64% of Stride worth $35,214,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company's stock worth $26,000 after acquiring an additional 160 shares during the period. First Horizon Advisors Inc. boosted its position in Stride by 140.5% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock worth $34,000 after acquiring an additional 156 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Stride during the 4th quarter worth about $41,000. CIBC Private Wealth Group LLC boosted its position in Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after acquiring an additional 178 shares during the period. Finally, Fifth Third Bancorp boosted its position in Stride by 158.8% during the 1st quarter. Fifth Third Bancorp now owns 383 shares of the company's stock worth $48,000 after acquiring an additional 235 shares during the period. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Barrington Research raised their price objective on Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Canaccord Genuity Group lifted their price target on Stride from $145.00 to $155.00 and gave the company a "buy" rating in a report on Monday, April 28th. William Blair reiterated an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a report on Thursday, May 1st. Finally, Wall Street Zen upgraded Stride from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $126.83.

Stride Stock Up 0.4%

LRN opened at $133.23 on Monday. The firm has a market cap of $5.80 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 0.86 and a beta of 0.32. 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 business has a 50 day moving average price of $144.73 and a 200 day moving average price of $135.69. Stride, Inc. has a twelve month low of $63.25 and a twelve month high of $162.30.

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

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.

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