Price T Rowe Associates Inc. MD Buys 65,509 Shares of Stride, Inc. (NYSE:LRN)

Price T Rowe Associates Inc. MD raised its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 764,067 shares of the company's stock after purchasing an additional 65,509 shares during the quarter. Price T Rowe Associates Inc. MD owned 1.75% of Stride worth $79,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LRN. R Squared Ltd purchased a new stake in shares of Stride in the fourth quarter valued at approximately $37,000. CIBC Private Wealth Group LLC raised its position in shares of Stride by 85.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after buying an additional 178 shares during the last quarter. Covestor Ltd increased its stake in shares of Stride by 51.6% during the 4th quarter. Covestor Ltd now owns 632 shares of the company's stock valued at $66,000 after acquiring an additional 215 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Stride during the 4th quarter worth about $77,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Stride by 372.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after acquiring an additional 592 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Price Performance

LRN stock traded up $8.73 on Friday, hitting $159.43. 1,153,351 shares of the company's stock traded hands, compared to its average volume of 834,294. Stride, Inc. has a 1-year low of $63.25 and a 1-year high of $160.24. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 1.04 and a beta of 0.47. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $131.19 and a 200-day moving average of $116.90.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 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 business 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 business posted $1.60 earnings per share. The company's revenue was up 17.8% compared to the same quarter last year. On average, analysts forecast that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LRN has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. William Blair reiterated an "outperform" rating on shares of Stride in a research note on Wednesday. Canaccord Genuity Group increased their price target on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Barrington Research lifted their target price on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.83.

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.