B. Riley Wealth Advisors Inc. Invests $430,000 in Stride, Inc. (NYSE:LRN)

B. Riley Wealth Advisors Inc. bought a new stake in Stride, Inc. (NYSE:LRN) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 5,098 shares of the company’s stock, valued at approximately $430,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Crossmark Global Holdings Inc. increased its holdings in shares of Stride by 3.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock valued at $274,000 after acquiring an additional 121 shares during the last quarter. Arizona State Retirement System increased its stake in Stride by 1.9% in the second quarter. Arizona State Retirement System now owns 11,536 shares of the company’s stock valued at $813,000 after purchasing an additional 220 shares during the last quarter. Isthmus Partners LLC raised its holdings in Stride by 4.8% during the second quarter. Isthmus Partners LLC now owns 4,814 shares of the company’s stock worth $339,000 after purchasing an additional 222 shares in the last quarter. Amalgamated Bank lifted its position in shares of Stride by 1.9% during the 3rd quarter. Amalgamated Bank now owns 12,528 shares of the company’s stock worth $1,069,000 after buying an additional 235 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Stride by 0.6% during the 2nd quarter. Sei Investments Co. now owns 40,210 shares of the company’s stock worth $2,834,000 after buying an additional 242 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Stride

In other news, Director Todd Goldthwaite sold 8,028 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.54, for a total transaction of $734,883.12. Following the transaction, the director now directly owns 85,058 shares in the company, valued at $7,786,209.32. The trade was a 8.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on LRN. Citigroup lifted their price target on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. BMO Capital Markets boosted their target price on Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Morgan Stanley boosted their price objective on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Canaccord Genuity Group raised their target price on shares of Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Stride currently has an average rating of “Moderate Buy” and an average target price of $97.50.

Stride Stock Up 0.8 %

LRN opened at $106.08 on Friday. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $112.80. The business has a 50 day moving average price of $95.87 and a two-hundred day moving average price of $82.71. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38. The company has a market cap of $4.62 billion, a PE ratio of 19.29, a P/E/G ratio of 0.80 and a beta of 0.30.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.22 by $0.72. Stride had a return on equity of 21.23% and a net margin of 11.38%. The business had revenue of $551.08 million during the quarter, compared to analysts’ expectations of $504.29 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, research analysts anticipate that Stride, Inc. will post 6.66 EPS for the current year.

Stride 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.