Nia Impact Advisors LLC Cuts Stake in Stride, Inc. (NYSE:LRN)

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

Several other hedge funds and other institutional investors also recently bought and sold shares of LRN. Asset Management One Co. Ltd. purchased a new stake in Stride during the 4th quarter worth approximately $5,696,000. Congress Asset Management Co. raised 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 acquired a new stake in shares of Stride in the fourth quarter worth approximately $995,000. Truist Financial Corp acquired a new stake in shares of Stride in the fourth quarter valued at about $302,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Stride by 61.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company's stock valued at $20,250,000 after buying an additional 72,518 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LRN. Canaccord Genuity Group lifted their price objective on shares of Stride from $145.00 to $155.00 and gave the company a "buy" rating in a report on Monday, April 28th. Barrington Research raised their price target 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. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. Finally, William Blair reaffirmed an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $126.83.

Stride Price Performance

Shares of LRN stock traded up $1.47 on Monday, hitting $155.97. 358,215 shares of the company's stock were exchanged, compared to its average volume of 829,765. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The stock has a market cap of $6.79 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36. Stride, Inc. has a 12 month low of $63.25 and a 12 month high of $162.30. The company has a 50 day moving average of $136.37 and a 200 day moving average of $123.28.

Stride (NYSE:LRN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share 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 period in the previous year, the company earned $1.60 earnings per share. Stride's revenue for the quarter was up 17.8% compared to the same quarter last year. On average, equities research analysts predict 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.