Private Advisor Group LLC Makes New $210,000 Investment in Stride, Inc. (NYSE:LRN)

Private Advisor Group LLC purchased a new position in Stride, Inc. (NYSE:LRN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,461 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors have also made changes to their positions in the company. Mendota Financial Group LLC acquired a new stake in shares of Stride during the 3rd quarter valued at about $86,000. nVerses Capital LLC acquired a new stake in shares of Stride during the 2nd quarter valued at about $78,000. Motco acquired a new stake in shares of Stride during the 1st quarter valued at about $74,000. EntryPoint Capital LLC acquired a new stake in shares of Stride during the 1st quarter valued at about $77,000. Finally, GAMMA Investing LLC boosted its position in shares of Stride by 45.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock valued at $176,000 after acquiring an additional 643 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Stride 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 value of $734,883.12. Following the completion of the transaction, the director now directly owns 85,058 shares of the company’s stock, valued at approximately $7,786,209.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LRN shares. BMO Capital Markets lifted their target price on shares of Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Canaccord Genuity Group lifted their target price on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group initiated coverage on shares of Stride in a research report on Thursday, August 8th. They issued a “buy” rating and a $94.00 price target on the stock. Barrington Research boosted their price target on shares of Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Citigroup boosted their price target on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $90.17.

Stride Trading Up 3.0 %

Shares of NYSE LRN opened at $101.83 on Friday. Stride, Inc. has a 1-year low of $54.81 and a 1-year high of $103.40. The company has a market cap of $4.44 billion, a PE ratio of 18.51, a P/E/G ratio of 0.75 and a beta of 0.27. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $82.41 and a two-hundred day moving average of $75.54.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.72. Stride had a net margin of 11.38% and a return on equity of 21.23%. The company had revenue of $551.08 million during the quarter, compared to the consensus estimate of $504.29 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. As a group, equities analysts expect that Stride, Inc. will post 6.66 earnings per share for the current fiscal 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.