Stride, Inc. (NYSE:LRN) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC cut its stake in Stride, Inc. (NYSE:LRN) by 11.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,501 shares of the company’s stock after selling 573 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Stride were worth $468,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LRN. Bleakley Financial Group LLC grew its holdings in shares of Stride by 14.2% in the fourth quarter. Bleakley Financial Group LLC now owns 4,400 shares of the company’s stock valued at $457,000 after purchasing an additional 547 shares during the period. Choreo LLC acquired a new position in Stride in the 4th quarter valued at about $588,000. Longboard Asset Management LP purchased a new stake in shares of Stride in the 4th quarter valued at approximately $226,000. OLD National Bancorp IN purchased a new stake in shares of Stride in the 4th quarter valued at approximately $206,000. Finally, Highland Capital Management LLC acquired a new stake in shares of Stride during the 4th quarter worth approximately $209,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LRN. Barrington Research upped their price objective on Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Citigroup upped their price target on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Morgan Stanley boosted their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets increased their target price 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.83.

Stride Trading Up 0.6 %

Shares of NYSE LRN opened at $139.34 on Friday. 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 has a market capitalization of $6.07 billion, a PE ratio of 23.26, a PEG ratio of 1.01 and a beta of 0.32. Stride, Inc. has a twelve month low of $54.81 and a twelve month high of $140.50. The stock has a fifty day simple moving average of $113.03 and a 200-day simple moving average of $94.15.

Stride (NYSE:LRN) last released its 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 return on equity of 22.42% and a net margin of 12.30%. On average, equities analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current year.

About Stride

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.