2,062 Shares in Stride, Inc. (NYSE:LRN) Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. purchased a new stake in shares of Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,062 shares of the company's stock, valued at approximately $214,000.

Other large investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its position in shares of Stride by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 33,412 shares of the company's stock valued at $2,850,000 after acquiring an additional 251 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Stride in the 3rd quarter worth $1,067,000. Charles Schwab Investment Management Inc. raised its stake in shares of Stride by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,821 shares of the company's stock worth $44,261,000 after purchasing an additional 16,114 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Stride during the third quarter valued at $21,044,000. Finally, Townsquare Capital LLC boosted its position in shares of Stride by 798.2% during the third quarter. Townsquare Capital LLC now owns 27,044 shares of the company's stock valued at $2,307,000 after buying an additional 24,033 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Canaccord Genuity Group lifted their target price on shares of Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Morgan Stanley raised their price target on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. BMO Capital Markets lifted their target price on Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $140.00 price objective on shares of Stride in a report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $119.33.

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Stride Trading Down 1.9 %

Shares of NYSE LRN traded down $2.40 during midday trading on Friday, hitting $126.16. The company's stock had a trading volume of 467,936 shares, compared to its average volume of 827,523. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5.49 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The business's 50 day moving average is $130.15 and its two-hundred day moving average is $107.84.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. As a group, equities research analysts expect that Stride, Inc. will post 6.67 EPS 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.