Stride, Inc. (NYSE:LRN) Position Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 61.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 190,431 shares of the company's stock after buying an additional 72,518 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.44% of Stride worth $20,250,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Janus Henderson Group PLC raised its holdings in Stride by 1.1% in the third quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company's stock valued at $99,851,000 after buying an additional 13,050 shares during the period. Geode Capital Management LLC grew its position in Stride by 3.8% in the third quarter. Geode Capital Management LLC now owns 964,701 shares of the company's stock valued at $82,315,000 after acquiring an additional 35,349 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Stride by 51.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company's stock valued at $79,326,000 after acquiring an additional 314,435 shares in the last quarter. Victory Capital Management Inc. grew its position in Stride by 72.4% in the third quarter. Victory Capital Management Inc. now owns 827,505 shares of the company's stock valued at $70,594,000 after acquiring an additional 347,564 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in Stride by 0.7% in the third quarter. Rockefeller Capital Management L.P. now owns 753,728 shares of the company's stock valued at $64,286,000 after acquiring an additional 5,278 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LRN. Citigroup increased their price objective on shares of Stride from $90.00 to $94.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. StockNews.com downgraded shares of Stride from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group increased their price objective on shares of Stride from $100.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, January 27th. BMO Capital Markets raised their price target on shares of Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, Morgan Stanley raised their price target on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Stride presently has an average rating of "Moderate Buy" and a consensus price target of $116.83.

Stride Stock Down 2.0 %

Shares of LRN stock traded down $2.89 during mid-day trading on Thursday, reaching $139.07. 670,291 shares of the company were exchanged, compared to its average volume of 909,829. Stride, Inc. has a fifty-two week low of $54.81 and a fifty-two week high of $145.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The company has a market capitalization of $6.06 billion, a P/E ratio of 23.22, a P/E/G ratio of 1.06 and a beta of 0.32. The business's 50 day simple moving average is $118.84 and its 200 day simple moving average is $98.55.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. 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.