Inspire Advisors LLC Sells 1,906 Shares of Stride, Inc. (NYSE:LRN)

by · The Cerbat Gem

Inspire Advisors LLC reduced its position in shares of Stride, Inc. (NYSE:LRN – Free Report) by 30.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,361 shares of the company’s stock after selling 1,906 shares during the period. Inspire Advisors LLC’s holdings in Stride were worth $552,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LRN. Larson Financial Group LLC boosted its holdings in shares of Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock worth $26,000 after buying an additional 160 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Stride by 140.5% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock worth $34,000 after buying an additional 156 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Stride during the 4th quarter worth $41,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock worth $42,000 after buying an additional 178 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Stride by 158.8% in the 1st quarter. Fifth Third Bancorp now owns 383 shares of the company’s stock valued at $48,000 after purchasing an additional 235 shares during the period. 98.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Stride in a report on Thursday, May 1st. Wall Street Zen raised shares of Stride from a “hold” rating to a “buy” rating in a report on Saturday, June 21st. Canaccord Genuity Group increased their price target on shares of Stride from $145.00 to $155.00 and gave the company a “buy” rating in a report on Monday, April 28th. Barrington Research reissued an “outperform” rating and issued a $170.00 price target on shares of Stride in a report on Thursday. Finally, William Blair reissued an “outperform” rating on shares of Stride in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Stride currently has an average rating of “Moderate Buy” and a consensus price target of $126.83.

Check Out Our Latest Stock Analysis on LRN

Stride Trading Up 0.4%

Shares of LRN stock opened at $129.79 on Monday. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $162.30. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 0.84 and a beta of 0.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 5.53 and a current ratio of 5.61. The firm has a fifty day moving average of $142.47 and a 200-day moving average of $136.48.

Stride (NYSE:LRN – Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.07). Stride had a net margin of 13.10% and a return on equity of 23.36%. The business had revenue of $613.38 million during the quarter, compared to analyst estimates of $591.15 million. During the same quarter in the prior year, the company posted $1.60 EPS. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Stride Company Profile

(Free Report)

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.

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