Vaughan Nelson Investment Management L.P. purchased a new stake in Stride, Inc. (NYSE:LRN – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 615,420 shares of the company’s stock, valued at approximately $43,387,000.
Several other large investors have also recently made changes to their positions in LRN. Strs Ohio purchased a new position in Stride in the fourth quarter valued at $47,000. GAMMA Investing LLC acquired a new stake in shares of Stride in the fourth quarter valued at about $65,000. Quadrant Capital Group LLC lifted its stake in Stride by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock worth $66,000 after purchasing an additional 483 shares in the last quarter. Motco acquired a new position in Stride during the first quarter worth $74,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Stride in the first quarter valued at about $77,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. StockNews.com upgraded Stride from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Canaccord Genuity Group assumed coverage on Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 target price for the company. Barrington Research lifted their price target on shares of Stride from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Canaccord Genuity Group began coverage on shares of Stride in a report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price objective on the stock. Finally, BMO Capital Markets increased their target price on Stride from $79.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Stride currently has a consensus rating of “Moderate Buy” and an average target price of $83.33.
Stride Stock Performance
Shares of LRN traded up $0.51 during midday trading on Friday, reaching $82.53. 1,024,836 shares of the stock were exchanged, compared to its average volume of 718,084. Stride, Inc. has a twelve month low of $40.06 and a twelve month high of $83.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.21. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 0.74 and a beta of 0.28. The business’s 50-day moving average price is $71.81 and its 200 day moving average price is $66.48.
Stride (NYSE:LRN – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.15. The company had revenue of $534.18 million during the quarter, compared to analysts’ expectations of $525.89 million. Stride had a return on equity of 18.29% and a net margin of 9.29%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share. On average, sell-side analysts expect that Stride, Inc. will post 4.55 EPS for the current fiscal year.
Stride Company Profile
Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.
Read More
- Five stocks we like better than Stride
- 3 Monster Growth Stocks to Buy Now
- This Small Cap Wealth Management Stock Could Provide Big Returns
- Election Stocks: How Elections Affect the Stock Market
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- Want to Profit on the Downtrend? Downtrends, Explained.
- MarketBeat Week in Review – 8/12 – 8/16
Want to see what other hedge funds are holding LRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stride, Inc. (NYSE:LRN – Free Report).
Receive News & Ratings for Stride Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stride and related companies with MarketBeat.com's FREE daily email newsletter.