Westfield Capital Management Co. LP Takes Position in Stride, Inc. $LRN

Westfield Capital Management Co. LP bought a new position in Stride, Inc. (NYSE:LRN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 126,656 shares of the company’s stock, valued at approximately $18,389,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in Stride during the second quarter worth about $27,000. Golden State Wealth Management LLC raised its stake in shares of Stride by 37.5% in the second quarter. Golden State Wealth Management LLC now owns 275 shares of the company’s stock valued at $40,000 after acquiring an additional 75 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Stride by 374.6% in the 1st quarter. Harbour Investments Inc. now owns 337 shares of the company’s stock worth $43,000 after acquiring an additional 266 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Stride during the 1st quarter worth approximately $43,000. Finally, Geneos Wealth Management Inc. increased its holdings in Stride by 62.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after purchasing an additional 131 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LRN shares. Barrington Research cut their price objective on Stride from $185.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Morgan Stanley lifted their price target on Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stride in a research report on Wednesday. Canaccord Genuity Group raised their price objective on shares of Stride from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, Wall Street Zen downgraded shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $141.75.

Stride Trading Up 0.1%

Shares of LRN opened at $65.88 on Friday. The stock’s fifty day simple moving average is $119.31 and its 200-day simple moving average is $138.11. The firm has a market capitalization of $2.89 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.40 and a beta of -0.02. Stride, Inc. has a 12-month low of $62.49 and a 12-month high of $171.17. The company has a quick ratio of 5.27, a current ratio of 6.78 and a debt-to-equity ratio of 0.32.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.29. Stride had a return on equity of 26.29% and a net margin of 12.76%.The firm had revenue of $620.88 million during the quarter, compared to analysts’ expectations of $615.50 million. During the same period in the previous year, the business posted $0.94 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. Stride has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts predict that Stride, Inc. will post 6.67 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.