Daiwa Securities Group Inc. Has $104,000 Holdings in Stride, Inc. (NYSE:LRN)

Daiwa Securities Group Inc. boosted its holdings in Stride, Inc. (NYSE:LRN) by 13.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,760 shares of the company’s stock after buying an additional 215 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Stride were worth $104,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LRN. McGlone Suttner Wealth Management Inc. acquired a new stake in Stride in the fourth quarter valued at about $29,000. McIlrath & Eck LLC bought a new position in Stride in the third quarter valued at about $31,000. Strs Ohio bought a new position in Stride in the fourth quarter valued at about $47,000. Nisa Investment Advisors LLC raised its position in Stride by 156.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,310 shares of the company’s stock valued at $78,000 after purchasing an additional 800 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Stride by 20.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 3,142 shares of the company’s stock valued at $141,000 after purchasing an additional 534 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barrington Research reiterated an “outperform” rating and issued a $75.00 target price on shares of Stride in a research report on Wednesday. BMO Capital Markets increased their target price on Stride from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday. Wedbush reiterated an “outperform” rating on shares of Stride in a research report on Wednesday, January 24th. Citigroup raised their price objective on Stride from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $72.00.

Stride Price Performance

Shares of LRN opened at $67.08 on Friday. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 0.73 and a beta of 0.26. The business has a 50-day moving average of $60.65 and a 200-day moving average of $58.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.29 and a quick ratio of 4.44. Stride, Inc. has a 1 year low of $35.61 and a 1 year high of $69.70.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. The business had revenue of $520.84 million during the quarter, compared to the consensus estimate of $507.89 million. Stride had a return on equity of 18.29% and a net margin of 9.29%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.30 earnings per share. As a group, equities research analysts anticipate that Stride, Inc. will post 4.55 earnings per share for the current year.

Stride Profile

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.