Stifel Financial Corp Grows Position in Stride, Inc. (NYSE:LRN)

Stifel Financial Corp lifted its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 161.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,870 shares of the company's stock after acquiring an additional 7,940 shares during the period. Stifel Financial Corp's holdings in Stride were worth $1,098,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Mendota Financial Group LLC purchased a new position in Stride in the third quarter worth approximately $86,000. nVerses Capital LLC purchased a new stake in Stride in the 2nd quarter valued at about $78,000. GAMMA Investing LLC lifted its position in Stride by 45.3% in the third quarter. GAMMA Investing LLC now owns 2,061 shares of the company's stock valued at $176,000 after buying an additional 643 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in Stride by 24.2% during the third quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company's stock worth $184,000 after buying an additional 420 shares during the period. Finally, Retirement Guys Formula LLC acquired a new stake in shares of Stride during the third quarter valued at about $203,000. Hedge funds and other institutional investors own 98.24% of the company's stock.

Insider Activity

In other news, Director Todd Goldthwaite sold 8,028 shares of the company's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $91.54, for a total value of $734,883.12. Following the completion of the transaction, the director now owns 85,058 shares in the company, valued at approximately $7,786,209.32. This represents a 8.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Morgan Stanley lifted their price objective on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. BMO Capital Markets increased their target price on Stride from $84.00 to $88.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. StockNews.com downgraded Stride from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Finally, Barrington Research increased their price target on shares of Stride from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $97.50.

Stride Stock Down 0.4 %

Shares of Stride stock traded down $0.44 on Monday, reaching $104.77. 372,676 shares of the company were exchanged, compared to its average volume of 824,223. The stock's 50 day moving average price is $97.86 and its 200-day moving average price is $83.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50. Stride, Inc. has a 1-year low of $54.81 and a 1-year high of $112.80. The company has a market cap of $4.57 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 0.80 and a beta of 0.30.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.72. The business had revenue of $551.08 million during the quarter, compared to analysts' expectations of $504.29 million. Stride had a net margin of 11.38% and a return on equity of 21.23%. The company's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. As a group, equities analysts forecast that Stride, Inc. will post 6.66 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.