Aberdeen Group plc Sells 11,265 Shares of Stride, Inc. $LRN

Aberdeen Group plc reduced its position in shares of Stride, Inc. (NYSE:LRN) by 7.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 133,763 shares of the company’s stock after selling 11,265 shares during the quarter. Aberdeen Group plc owned about 0.30% of Stride worth $20,004,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new stake in Stride during the second quarter valued at $25,000. Financial Management Professionals Inc. purchased a new stake in shares of Stride during the 3rd quarter valued at about $26,000. Penserra Capital Management LLC bought a new position in shares of Stride in the 2nd quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after acquiring an additional 85 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Stride in the second quarter worth about $30,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LRN shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Stride in a research note on Wednesday, January 28th. BMO Capital Markets restated a “market perform” rating and set a $94.00 price target on shares of Stride in a report on Wednesday, January 28th. Morgan Stanley dropped their price objective on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Barrington Research reissued an “outperform” rating and issued a $125.00 target price on shares of Stride in a research note on Wednesday, January 28th. Finally, Zacks Research lowered shares of Stride from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $109.75.

Stride Stock Up 0.7%

NYSE:LRN opened at $84.39 on Thursday. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 0.50 and a beta of 0.10. Stride, Inc. has a twelve month low of $60.61 and a twelve month high of $171.17. The company has a current ratio of 7.27, a quick ratio of 7.19 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $73.43 and a 200-day simple moving average of $105.70.

Stride Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.