Wealthfront Advisers LLC Makes New Investment in Stride, Inc. (NYSE:LRN)

Wealthfront Advisers LLC bought a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,781 shares of the company's stock, valued at approximately $480,000.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd purchased a new stake in Stride in the 4th quarter valued at $37,000. Smartleaf Asset Management LLC raised its position in Stride by 372.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock valued at $79,000 after buying an additional 592 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Stride in the 4th quarter valued at $165,000. TD Private Client Wealth LLC raised its position in Stride by 27.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock valued at $167,000 after buying an additional 426 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its position in Stride by 11.3% in the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company's stock valued at $187,000 after buying an additional 183 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Performance

Shares of LRN stock traded up $1.58 on Thursday, hitting $122.95. 802,147 shares of the stock were exchanged, compared to its average volume of 798,559. 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 capitalization of $5.35 billion, a PE ratio of 20.53, 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 firm's 50 day moving average is $128.12 and its two-hundred day moving average is $105.40.

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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, topping the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. Sell-side analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.