Vident Advisory LLC Takes $297,000 Position in Stride, Inc. (NYSE:LRN)

Vident Advisory LLC acquired a new stake in Stride, Inc. (NYSE:LRN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,857 shares of the company's stock, valued at approximately $297,000.

Several other large investors also recently modified their holdings of LRN. Asset Management One Co. Ltd. bought a new position in Stride during the fourth quarter worth about $5,696,000. Congress Asset Management Co. increased its position in Stride by 8.2% during the fourth quarter. Congress Asset Management Co. now owns 578,540 shares of the company's stock worth $60,128,000 after acquiring an additional 43,829 shares during the period. Aigen Investment Management LP bought a new position in Stride during the fourth quarter worth about $995,000. Truist Financial Corp bought a new position in Stride during the fourth quarter worth about $302,000. Finally, Allspring Global Investments Holdings LLC increased its position in Stride by 61.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company's stock worth $20,250,000 after acquiring an additional 72,518 shares during the period. 98.24% of the stock is owned by institutional investors.

Stride Price Performance

Stride stock traded up $2.83 during trading hours on Friday, reaching $151.64. 725,289 shares of the stock were exchanged, compared to its average volume of 844,901. The company has a market cap of $6.60 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36. 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 twelve month low of $63.25 and a twelve month high of $162.30. The stock has a 50 day moving average of $142.68 and a two-hundred day moving average of $126.93.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data 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). Stride had a return on equity of 22.42% and a net margin of 12.30%. The firm had revenue of $613.38 million for the quarter, compared to analyst estimates of $591.15 million. During the same quarter in the previous year, the company earned $1.60 earnings per share. The company's quarterly revenue was up 17.8% on a year-over-year basis. Equities analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LRN has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Stride from a "buy" rating to a "hold" rating in a research report on Friday. William Blair reaffirmed an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Canaccord Genuity Group raised their price target on shares of Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Finally, Barrington Research increased their price objective on shares of Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average 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.