1,665 Shares in Stride, Inc. (NYSE:LRN) Purchased by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC bought a new position in shares of Stride, Inc. (NYSE:LRN) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 1,665 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Point72 Hong Kong Ltd bought a new stake in Stride during the fourth quarter valued at about $41,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Stride by 85.6% in the 4th 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 in the last quarter. Covestor Ltd boosted its holdings in shares of Stride by 51.6% in the 4th quarter. Covestor Ltd now owns 632 shares of the company’s stock valued at $66,000 after buying an additional 215 shares in the last quarter. Gen Wealth Partners Inc purchased a new position in shares of Stride in the 4th quarter worth approximately $75,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Stride during the 4th quarter worth approximately $77,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group upped their price target on Stride from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. William Blair reaffirmed an “outperform” rating on shares of Stride in a research report on Wednesday, April 30th. Wall Street Zen downgraded Stride from a “buy” rating to a “hold” rating in a report on Friday, May 30th. BMO Capital Markets restated an “outperform” rating on shares of Stride in a report on Thursday, May 1st. Finally, Barrington Research increased their price objective on shares of Stride from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Stride currently has an average rating of “Moderate Buy” and a consensus price target of $126.83.

Stride Trading Up 0.8%

Shares of NYSE:LRN opened at $143.06 on Monday. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $162.30. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.04 and a beta of 0.35. The business has a 50-day moving average price of $146.04 and a 200-day moving average price of $129.92.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (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 analysts’ expectations of $591.15 million. During the same period in the prior year, the business posted $1.60 earnings per share. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. Equities 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.