Deutsche Bank AG Increases Stake in Stride, Inc. (NYSE:LRN)

Deutsche Bank AG raised its holdings in Stride, Inc. (NYSE:LRN) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 559,865 shares of the company’s stock after buying an additional 12,548 shares during the period. Deutsche Bank AG owned approximately 1.29% of Stride worth $58,187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. R Squared Ltd purchased a new position in Stride in the fourth quarter valued at $37,000. CIBC Private Wealth Group LLC raised its position in Stride by 85.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock valued at $42,000 after purchasing an additional 178 shares in the last quarter. Covestor Ltd boosted its stake in shares of Stride by 51.6% in the 4th quarter. Covestor Ltd now owns 632 shares of the company’s stock valued at $66,000 after buying an additional 215 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in shares of Stride in the 4th quarter valued at about $77,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after buying an additional 592 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Trading Down 4.6%

Shares of Stride stock opened at $149.34 on Tuesday. 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 company has a fifty day simple moving average of $133.98 and a 200-day simple moving average of $121.56. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.04 and a beta of 0.36. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30.

Stride (NYSE:LRN) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.07). Stride had a net margin of 12.30% and a return on equity of 22.42%. The company 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 earned $1.60 EPS. The business’s revenue was up 17.8% on a year-over-year basis. On average, equities analysts forecast that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LRN has been the topic of several analyst reports. Canaccord Genuity Group raised their target price on shares of Stride from $145.00 to $155.00 and gave the company a “buy” rating in a report on Monday, April 28th. BMO Capital Markets restated an “outperform” rating on shares of Stride in a report on Thursday, May 1st. William Blair reiterated an “outperform” rating on shares of Stride in a research note on Wednesday, April 30th. Finally, Barrington Research raised their price target on Stride from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.83.

Stride Company 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.