Nia Impact Advisors LLC Trims Position in Stride, Inc. (NYSE:LRN)

Nia Impact Advisors LLC lessened its holdings in shares of Stride, Inc. (NYSE:LRN) by 19.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,982 shares of the company’s stock after selling 14,410 shares during the quarter. Stride makes up about 2.0% of Nia Impact Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Nia Impact Advisors LLC owned 0.14% of Stride worth $6,234,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LRN. Franklin Resources Inc. raised its position in shares of Stride by 14.3% in the 3rd quarter. Franklin Resources Inc. now owns 27,816 shares of the company’s stock worth $2,373,000 after buying an additional 3,477 shares during the period. Ritholtz Wealth Management raised its position in shares of Stride by 52.9% in the 4th quarter. Ritholtz Wealth Management now owns 10,047 shares of the company’s stock worth $1,044,000 after buying an additional 3,474 shares during the period. Hennessy Advisors Inc. raised its position in shares of Stride by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 160,400 shares of the company’s stock worth $16,670,000 after buying an additional 10,200 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in shares of Stride by 26.9% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 295,532 shares of the company’s stock worth $30,715,000 after buying an additional 62,590 shares during the period. Finally, Sheets Smith Wealth Management purchased a new position in shares of Stride in the 4th quarter worth $205,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Stride Stock Up 3.0%

Shares of Stride stock opened at $153.77 on Wednesday. The business has a 50-day moving average of $134.39 and a 200-day moving average of $121.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The company has a market capitalization of $6.69 billion, a PE ratio of 25.67, a P/E/G ratio of 1.04 and a beta of 0.36. Stride, Inc. has a 1-year low of $63.25 and a 1-year high of $162.30.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share 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 analyst estimates of $591.15 million. Stride had a net margin of 12.30% and a return on equity of 22.42%. The firm’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 earnings per share. As a group, equities analysts forecast that Stride, Inc. will post 6.67 EPS 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.