Stride, Inc. (NYSE:LRN) Position Reduced by Nia Impact Advisors LLC

Nia Impact Advisors LLC lessened its position in Stride, Inc. (NYSE:LRN - Free Report) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,982 shares of the company's stock after selling 14,410 shares during the period. Stride comprises 2.0% of Nia Impact Advisors LLC's portfolio, making the stock its 19th largest holding. Nia Impact Advisors LLC owned approximately 0.14% of Stride worth $6,234,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new position in shares of Stride in the fourth quarter valued at approximately $37,000. CIBC Private Wealth Group LLC increased its position in Stride by 85.6% during 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 last quarter. Covestor Ltd increased its position in Stride by 51.6% during the fourth quarter. Covestor Ltd now owns 632 shares of the company's stock worth $66,000 after purchasing an additional 215 shares during the last quarter. Gen Wealth Partners Inc acquired a new position in Stride during the fourth quarter worth approximately $75,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Stride during the fourth quarter worth approximately $77,000. Institutional investors and hedge funds own 98.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. William Blair reaffirmed an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Canaccord Genuity Group upped 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. Finally, Barrington Research upped their price target on shares of Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $126.83.

Stride Trading Up 0.5%

LRN traded up $0.84 during trading on Friday, hitting $154.62. 724,296 shares of the company's stock were exchanged, compared to its average volume of 840,262. 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 1 year low of $63.25 and a 1 year high of $162.30. The stock has a 50 day moving average price of $136.37 and a 200 day moving average price of $122.88. The firm has a market cap of $6.73 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36.

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