3,853 Shares in Stride, Inc. (NYSE:LRN) Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC purchased a new position in Stride, Inc. (NYSE:LRN) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,853 shares of the company’s stock, valued at approximately $329,000.

Other large investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in Stride by 48.9% in the 1st quarter. Nordea Investment Management AB now owns 105,630 shares of the company’s stock worth $6,698,000 after acquiring an additional 34,682 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Stride in the 1st quarter worth $555,000. Blue Trust Inc. lifted its stake in shares of Stride by 795.5% during the 2nd quarter. Blue Trust Inc. now owns 11,543 shares of the company’s stock worth $814,000 after purchasing an additional 10,254 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Stride in the second quarter valued at about $534,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Stride in the first quarter valued at about $5,402,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Canaccord Genuity Group assumed coverage on Stride in a research note on Thursday, August 8th. They issued a “buy” rating and a $94.00 price target for the company. StockNews.com upgraded Stride from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Canaccord Genuity Group assumed coverage on Stride in a research report on Thursday, August 8th. They issued a “buy” rating and a $94.00 target price on the stock. BMO Capital Markets upped their price objective on Stride from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Finally, Citigroup downgraded shares of Stride from a “buy” rating to a “neutral” rating and upped their price objective for the company from $77.00 to $90.00 in a research note on Tuesday, August 20th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.83.

Stride Trading Down 0.2 %

Stride stock opened at $64.49 on Wednesday. The firm has a 50-day moving average price of $79.16 and a two-hundred day moving average price of $72.54. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 0.74 and a beta of 0.26. Stride, Inc. has a 52-week low of $43.77 and a 52-week high of $88.02. The company has a quick ratio of 4.95, a current ratio of 5.10 and a debt-to-equity ratio of 0.38.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.15. The firm had revenue of $534.18 million for the quarter, compared to analyst estimates of $525.89 million. Stride had a net margin of 10.01% and a return on equity of 19.12%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. Sell-side analysts expect that Stride, Inc. will post 5.05 earnings per share for the current 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.