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

Stifel Financial Corp raised its position in Stride, Inc. (NYSE:LRN - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Stride by 293.1% during the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after purchasing an additional 645,835 shares during the last quarter. Norges Bank purchased a new stake in shares of Stride during the fourth quarter worth $45,306,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Stride by 783.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company's stock worth $47,095,000 after acquiring an additional 401,838 shares during the period. William Blair Investment Management LLC grew its position in shares of Stride by 18.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock valued at $256,397,000 after purchasing an additional 375,686 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Stride by 120.6% during the 4th quarter. Wellington Management Group LLP now owns 607,581 shares of the company's stock valued at $63,146,000 after purchasing an additional 332,098 shares during the period. Hedge funds and other institutional investors own 98.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group upped their price target on Stride from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, April 28th. BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. William Blair reaffirmed an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Finally, Barrington Research lifted their price objective on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $126.83.

Stride Price Performance

Shares of NYSE LRN traded down $0.47 during trading hours on Friday, reaching $156.21. 751,515 shares of the stock traded hands, compared to its average volume of 832,380. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $162.30. 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's 50-day simple moving average is $133.81 and its two-hundred day simple moving average is $120.74. The company has a market capitalization of $6.80 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.07). Stride had a net margin of 12.30% and a return on equity of 22.42%. The company had revenue of $613.38 million during the quarter, compared to the consensus estimate of $591.15 million. During the same quarter in the previous year, the firm posted $1.60 EPS. The business's revenue for the quarter was up 17.8% compared to the same quarter last year. Equities 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.