Public Sector Pension Investment Board Purchases 6,282 Shares of Stride, Inc. (NYSE:LRN)

Public Sector Pension Investment Board raised its stake in Stride, Inc. (NYSE:LRN - Free Report) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,860 shares of the company's stock after acquiring an additional 6,282 shares during the period. Public Sector Pension Investment Board owned about 0.20% of Stride worth $6,194,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in Stride in the second quarter valued at $78,000. Motco acquired a new position in Stride in the first quarter worth $74,000. EntryPoint Capital LLC acquired a new position in Stride in the first quarter worth $77,000. GAMMA Investing LLC boosted its stake in Stride by 25.9% in the first quarter. GAMMA Investing LLC now owns 1,372 shares of the company's stock worth $87,000 after purchasing an additional 282 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Stride by 38.0% in the first quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company's stock worth $173,000 after purchasing an additional 754 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors.

Stride Trading Down 1.0 %

NYSE:LRN traded down $0.81 during mid-day trading on Thursday, hitting $83.86. The company had a trading volume of 377,164 shares, compared to its average volume of 704,487. Stride, Inc. has a fifty-two week low of $43.77 and a fifty-two week high of $86.60. The business's fifty day moving average is $79.28 and its two-hundred day moving average is $70.89. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.95 and a current ratio of 5.10. The firm has a market cap of $3.63 billion, a P/E ratio of 19.69, a P/E/G ratio of 0.84 and a beta of 0.26.

Stride (NYSE:LRN - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.15. Stride had a return on equity of 19.12% and a net margin of 10.01%. The firm had revenue of $534.18 million for the quarter, compared to analyst estimates of $525.89 million. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The company's quarterly revenue was up 10.5% on a year-over-year basis. As a group, research analysts expect that Stride, Inc. will post 5.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on LRN shares. BMO Capital Markets boosted their price objective on Stride from $79.00 to $82.00 and gave the stock an "outperform" rating in a research note on Thursday, August 8th. Barrington Research reaffirmed an "outperform" rating and set a $90.00 price target on shares of Stride in a research note on Friday, September 20th. Citigroup lowered Stride from a "buy" rating to a "neutral" rating and upped their price target for the company from $77.00 to $90.00 in a research note on Tuesday, August 20th. StockNews.com raised Stride from a "hold" rating to a "buy" rating in a research note on Friday, August 9th. Finally, Canaccord Genuity Group began coverage on Stride in a research note on Thursday, August 8th. They set a "buy" rating and a $94.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $85.83.

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.