Charles Schwab Investment Management Inc. Increases Stock Holdings in Stride, Inc. (NYSE:LRN)

Charles Schwab Investment Management Inc. lifted its stake in Stride, Inc. (NYSE:LRN) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 520,363 shares of the company’s stock after buying an additional 1,542 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.19% of Stride worth $54,081,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank raised its stake in Stride by 1.9% during the 3rd quarter. Amalgamated Bank now owns 12,528 shares of the company’s stock valued at $1,069,000 after purchasing an additional 235 shares during the period. Atria Investments Inc bought a new stake in Stride during the 3rd quarter valued at approximately $274,000. Crossmark Global Holdings Inc. raised its stake in Stride by 3.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock valued at $274,000 after purchasing an additional 121 shares during the period. Entropy Technologies LP bought a new stake in Stride during the 3rd quarter valued at approximately $442,000. Finally, GSA Capital Partners LLP bought a new stake in Stride during the 3rd quarter valued at approximately $513,000. Institutional investors own 98.24% of the company’s stock.

Analysts Set New Price Targets

LRN has been the subject of several research analyst reports. Morgan Stanley raised their price target on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Canaccord Genuity Group raised their price target on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday. Barrington Research raised their price target on Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets raised their price target on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $119.33.

Stride Price Performance

LRN opened at $118.16 on Friday. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $126.80 and its 200-day simple moving average is $104.05. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, equities research analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal 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.