Sequoia Financial Advisors LLC Makes New $212,000 Investment in Stride, Inc. (NYSE:LRN)

Sequoia Financial Advisors LLC bought a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,042 shares of the company's stock, valued at approximately $212,000.

A number of other institutional investors have also recently modified their holdings of the business. Asset Management One Co. Ltd. purchased a new position in Stride during the fourth quarter worth approximately $5,696,000. Congress Asset Management Co. raised its holdings in shares of Stride by 8.2% during the fourth quarter. Congress Asset Management Co. now owns 578,540 shares of the company's stock valued at $60,128,000 after acquiring an additional 43,829 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Stride in the fourth quarter valued at approximately $995,000. Truist Financial Corp acquired a new stake in shares of Stride in the fourth quarter worth approximately $302,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Stride by 61.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company's stock worth $20,250,000 after purchasing an additional 72,518 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Canaccord Genuity Group raised their price objective on Stride from $135.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. 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 note on Thursday, January 30th. Barrington Research reaffirmed an "outperform" rating and set a $140.00 price objective on shares of Stride in a research note on Friday, March 14th. Finally, Morgan Stanley raised their target price 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.33.

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Stride Trading Up 2.8 %

Stride stock traded up $3.47 during midday trading on Monday, hitting $125.43. 697,964 shares of the stock were exchanged, compared to its average volume of 798,800. 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 stock's 50-day simple moving average is $128.61 and its 200 day simple moving average is $106.15. Stride, Inc. has a fifty-two week low of $56.17 and a fifty-two week high of $145.00. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. On average, equities analysts anticipate that Stride, Inc. will post 6.67 EPS for the current 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.