Golden State Wealth Management LLC Boosts Stock Holdings in Stride, Inc. (NYSE:LRN)

Golden State Wealth Management LLC lifted its position in Stride, Inc. (NYSE:LRN) by 100.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 400 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Golden State Wealth Management LLC’s holdings in Stride were worth $51,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LRN. Truist Financial Corp bought a new position in shares of Stride in the fourth quarter valued at approximately $302,000. Mutual of America Capital Management LLC boosted its position in Stride by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock worth $675,000 after purchasing an additional 93 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Stride by 372.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after purchasing an additional 592 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Stride in the 4th quarter valued at $165,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Stride by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 520,363 shares of the company’s stock valued at $54,081,000 after purchasing an additional 1,542 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LRN. William Blair reissued an “outperform” rating on shares of Stride in a report on Wednesday, April 30th. Canaccord Genuity Group lifted their price objective on shares of Stride from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. Wall Street Zen raised shares of Stride from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. Barrington Research raised their price target on shares of Stride from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Stride in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.83.

Stride Price Performance

Shares of NYSE:LRN opened at $141.85 on Wednesday. The company has a quick ratio of 5.53, a current ratio of 5.61 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $6.17 billion, a PE ratio of 22.13, a P/E/G ratio of 1.02 and a beta of 0.32. Stride, Inc. has a twelve month low of $63.25 and a twelve month high of $162.30. The company has a 50-day moving average price of $148.44 and a two-hundred day moving average price of $132.78.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.07). The business had revenue of $613.38 million for the quarter, compared to analysts’ expectations of $591.15 million. Stride had a net margin of 13.10% and a return on equity of 23.36%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 earnings per share. Equities analysts forecast 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.