Stride, Inc. (NYSE:LRN) Stock Holdings Trimmed by abrdn plc

abrdn plc lessened its position in Stride, Inc. (NYSE:LRN) by 36.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 343,237 shares of the company’s stock after selling 198,000 shares during the period. abrdn plc’s holdings in Stride were worth $20,378,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Stride by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,969,506 shares of the company’s stock valued at $223,777,000 after buying an additional 28,661 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Stride by 0.5% during the third quarter. Deutsche Bank AG now owns 570,751 shares of the company’s stock valued at $25,701,000 after buying an additional 2,582 shares in the last quarter. SG Capital Management LLC grew its holdings in shares of Stride by 348.7% during the third quarter. SG Capital Management LLC now owns 563,218 shares of the company’s stock valued at $25,362,000 after buying an additional 437,685 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Stride by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 531,030 shares of the company’s stock valued at $23,912,000 after buying an additional 8,754 shares in the last quarter. Finally, Cooper Creek Partners Management LLC grew its holdings in shares of Stride by 89.1% during the third quarter. Cooper Creek Partners Management LLC now owns 472,934 shares of the company’s stock valued at $21,296,000 after buying an additional 222,866 shares in the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Morgan Stanley boosted their target price on Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. StockNews.com upgraded Stride from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. BMO Capital Markets boosted their target price on Stride from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Citigroup boosted their target price on Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Stride in a research report on Wednesday, April 17th. One analyst has 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 an average rating of “Moderate Buy” and an average target price of $71.75.

Stride Trading Up 0.2 %

Stride stock opened at $58.20 on Wednesday. The business has a 50 day moving average price of $60.31 and a two-hundred day moving average price of $58.16. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 0.67 and a beta of 0.26. Stride, Inc. has a 12 month low of $35.61 and a 12 month high of $69.70.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, January 23rd. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.23. Stride had a return on equity of 17.77% and a net margin of 8.80%. The business had revenue of $504.87 million during the quarter, compared to analysts’ expectations of $498.05 million. During the same period in the prior year, the firm posted $1.19 EPS. Stride’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts forecast that Stride, Inc. will post 4.31 EPS for the current year.

Stride Company Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.