B. Metzler seel. Sohn & Co. AG Purchases Shares of 27,608 Stride, Inc. (NYSE:LRN)

B. Metzler seel. Sohn & Co. AG purchased a new position in Stride, Inc. (NYSE:LRN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 27,608 shares of the company's stock, valued at approximately $2,869,000. B. Metzler seel. Sohn & Co. AG owned approximately 0.06% of Stride at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Stride by 4.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,421 shares of the company's stock worth $1,145,000 after purchasing an additional 625 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Stride during the third quarter valued at $6,391,000. Atom Investors LP bought a new stake in Stride in the 3rd quarter worth about $1,274,000. Janus Henderson Group PLC raised its position in Stride by 1.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company's stock worth $99,851,000 after buying an additional 13,050 shares during the last quarter. Finally, IHT Wealth Management LLC purchased a new position in Stride in the 3rd quarter worth about $823,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Barrington Research reaffirmed an "outperform" rating and issued a $140.00 target price on shares of Stride in a research report on Friday, March 14th. BMO Capital Markets boosted their target price on shares of Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Canaccord Genuity Group raised their price target on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $120.17.

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Stride Stock Performance

LRN traded down $4.95 during trading on Friday, hitting $125.57. The company's stock had a trading volume of 1,105,886 shares, compared to its average volume of 829,379. The business's 50 day simple moving average is $131.27 and its 200-day simple moving average is $109.09. The firm has a market cap of $5.47 billion, a PE ratio of 20.96, a P/E/G ratio of 1.04 and a beta of 0.46. Stride, Inc. has a one year low of $56.17 and a one year high of $145.00. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN - Get Free Report) last announced its earnings results 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 return on equity of 22.42% and a net margin of 12.30%. As a group, sell-side analysts predict that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Stride Company 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.