Sheaff Brock Investment Advisors LLC Acquires New Shares in Stride, Inc. (NYSE:LRN)

Sheaff Brock Investment Advisors LLC bought a new stake in Stride, Inc. (NYSE:LRN) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 3,810 shares of the company’s stock, valued at approximately $482,000.

Other institutional investors also recently bought and sold shares of the company. DAVENPORT & Co LLC bought a new position in Stride in the first quarter valued at about $461,000. Canandaigua National Bank & Trust Co. bought a new position in Stride in the first quarter valued at about $273,000. GAMMA Investing LLC lifted its holdings in Stride by 14,892.4% in the first quarter. GAMMA Investing LLC now owns 370,013 shares of the company’s stock valued at $46,807,000 after acquiring an additional 367,545 shares during the period. Keybank National Association OH lifted its holdings in Stride by 65.8% in the first quarter. Keybank National Association OH now owns 6,413 shares of the company’s stock valued at $811,000 after acquiring an additional 2,544 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Stride by 120.6% in the fourth quarter. Wellington Management Group LLP now owns 607,581 shares of the company’s stock valued at $63,146,000 after acquiring an additional 332,098 shares during the period. Institutional investors own 98.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LRN. William Blair reissued an “outperform” rating on shares of Stride in a report on Wednesday, April 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Stride in a research note on Thursday, May 1st. Barrington Research reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Stride in a research note on Thursday, July 24th. Wall Street Zen raised Stride from a “hold” rating to a “buy” rating in a research note on Saturday, June 21st. Finally, Canaccord Genuity Group raised their price objective on Stride from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.83.

Stride Stock Down 1.0%

Shares of LRN opened at $128.64 on Tuesday. The business’s 50 day moving average is $141.91 and its 200 day moving average is $136.60. The company has a market capitalization of $5.60 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 0.84 and a beta of 0.32. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30. The company has a current ratio of 5.61, a quick ratio of 5.53 and a debt-to-equity ratio of 0.33.

Stride (NYSE:LRN) last issued its earnings results 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). The business had revenue of $613.38 million for the quarter, compared to the consensus estimate of $591.15 million. Stride had a net margin of 13.10% and a return on equity of 23.36%. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period last year, the business posted $1.60 EPS. Research analysts expect 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.