Stifel Financial Corp Purchases 1,954 Shares of Stride, Inc. (NYSE:LRN)

Stifel Financial Corp boosted its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,824 shares of the company's stock after buying an additional 1,954 shares during the quarter. Stifel Financial Corp's holdings in Stride were worth $1,541,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Tidal Investments LLC grew its stake in Stride by 64.0% in the 3rd quarter. Tidal Investments LLC now owns 8,642 shares of the company's stock valued at $737,000 after buying an additional 3,374 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Stride by 14.3% during the third quarter. Franklin Resources Inc. now owns 27,816 shares of the company's stock valued at $2,373,000 after acquiring an additional 3,477 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Stride in the third quarter valued at about $430,000. GAMMA Investing LLC increased its stake in shares of Stride by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 2,468 shares of the company's stock worth $256,000 after purchasing an additional 407 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of Stride by 4.4% during the 4th quarter. Nordea Investment Management AB now owns 115,774 shares of the company's stock worth $12,177,000 after purchasing an additional 4,828 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

Stride Stock Performance

Stride stock traded down $11.86 on Monday, hitting $144.65. The company's stock had a trading volume of 394,828 shares, compared to its average volume of 832,677. Stride, Inc. has a one year low of $63.25 and a one year high of $162.30. The firm has a market cap of $6.30 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $133.81 and a 200-day moving average price of $121.15.

Stride (NYSE:LRN - Get Free Report) last posted 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). The business had revenue of $613.38 million during the quarter, compared to the consensus estimate of $591.15 million. Stride had a net margin of 12.30% and a return on equity of 22.42%. The business's revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 EPS. On average, equities analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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