Measured Wealth Private Client Group LLC Raises Stake in Stride, Inc. (NYSE:LRN)

Measured Wealth Private Client Group LLC raised its position in Stride, Inc. (NYSE:LRN) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,074 shares of the company’s stock after acquiring an additional 315 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Stride were worth $433,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LRN. Motco purchased a new position in Stride in the first quarter worth approximately $74,000. EntryPoint Capital LLC purchased a new stake in shares of Stride during the 1st quarter worth approximately $77,000. nVerses Capital LLC purchased a new stake in shares of Stride during the 2nd quarter worth approximately $78,000. Mendota Financial Group LLC purchased a new stake in shares of Stride during the 3rd quarter worth approximately $86,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Stride by 38.0% during the 1st quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company’s stock worth $173,000 after buying an additional 754 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

Shares of LRN opened at $94.06 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.95 and a current ratio of 5.10. The stock has a market capitalization of $4.10 billion, a P/E ratio of 17.10, a P/E/G ratio of 0.64 and a beta of 0.26. The company’s fifty day moving average is $80.05 and its two-hundred day moving average is $73.63. Stride, Inc. has a 1 year low of $54.61 and a 1 year high of $95.47.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.72. The company had revenue of $551.08 million for the quarter, compared to analysts’ expectations of $504.29 million. Stride had a net margin of 11.38% and a return on equity of 21.76%. Stride’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. On average, sell-side analysts predict that Stride, Inc. will post 5.04 earnings per share for the current year.

Insider Transactions at Stride

In other news, Director Todd Goldthwaite sold 8,028 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $91.54, for a total transaction of $734,883.12. Following the transaction, the director now directly owns 85,058 shares of the company’s stock, valued at $7,786,209.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Canaccord Genuity Group assumed coverage on shares of Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 price objective for the company. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price objective on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday. Canaccord Genuity Group upped their price target on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets upped their price target on shares of Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.17.

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.