IFP Advisors Inc Sells 208 Shares of Stride, Inc. $LRN

IFP Advisors Inc decreased its holdings in shares of Stride, Inc. (NYSE:LRN) by 16.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,052 shares of the company’s stock after selling 208 shares during the quarter. IFP Advisors Inc’s holdings in Stride were worth $153,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Larson Financial Group LLC grew its position in Stride by 333.3% in the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock valued at $26,000 after acquiring an additional 160 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Stride by 140.5% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock valued at $34,000 after purchasing an additional 156 shares during the period. Harbour Investments Inc. grew its holdings in shares of Stride by 374.6% in the first quarter. Harbour Investments Inc. now owns 337 shares of the company’s stock worth $43,000 after purchasing an additional 266 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Stride in the 1st quarter worth about $43,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Stride by 62.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after buying an additional 131 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

Stride Stock Performance

Shares of NYSE:LRN opened at $145.00 on Friday. The firm has a 50 day moving average of $153.11 and a 200 day moving average of $145.51. The company has a quick ratio of 5.27, a current ratio of 5.39 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 0.82 and a beta of 0.07. Stride, Inc. has a 52 week low of $63.36 and a 52 week high of $171.17.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.46. Stride had a return on equity of 25.51% and a net margin of 11.97%.The business had revenue of $653.65 million for the quarter, compared to analysts’ expectations of $626.23 million. During the same quarter last year, the firm earned $1.42 EPS. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, sell-side analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Insider Transactions at Stride

In other Stride news, CEO James Jeaho Rhyu sold 13,961 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $162.66, for a total value of $2,270,896.26. Following the completion of the transaction, the chief executive officer directly owned 706,353 shares in the company, valued at approximately $114,895,378.98. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LRN shares. Barrington Research reissued an “outperform” rating and issued a $185.00 price objective on shares of Stride in a research report on Tuesday, September 23rd. Morgan Stanley lifted their price target on shares of Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Wall Street Zen cut Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Stride in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Stride presently has an average rating of “Moderate Buy” and a consensus price target of $146.40.

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.