2,908 Shares in Stride, Inc. (NYSE:LRN) Purchased by Truist Financial Corp

Truist Financial Corp acquired a new stake in shares of Stride, Inc. (NYSE:LRN) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,908 shares of the company’s stock, valued at approximately $302,000.

Several other large investors have also bought and sold shares of the company. Creative Planning increased its holdings in shares of Stride by 42.2% in the 3rd quarter. Creative Planning now owns 4,653 shares of the company’s stock worth $397,000 after purchasing an additional 1,380 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Stride during the third quarter valued at $210,000. International Assets Investment Management LLC increased its holdings in Stride by 8,431.7% in the 3rd quarter. International Assets Investment Management LLC now owns 5,119 shares of the company’s stock worth $437,000 after buying an additional 5,059 shares in the last quarter. New York State Teachers Retirement System raised its position in Stride by 1.6% in the 3rd quarter. New York State Teachers Retirement System now owns 22,523 shares of the company’s stock worth $1,921,000 after buying an additional 344 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Stride by 1,220.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,498 shares of the company’s stock valued at $298,000 after acquiring an additional 3,233 shares during the period. 98.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LRN shares. BMO Capital Markets lifted their price target 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. Morgan Stanley boosted their target price on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Canaccord Genuity Group raised their price target on Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Barrington Research upped their price objective on Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Stride currently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

Stride Trading Up 0.2 %

Shares of Stride stock opened at $140.97 on Thursday. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00. The company’s fifty day simple moving average is $124.23 and its 200-day simple moving average is $102.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The stock has a market capitalization of $6.14 billion, a PE ratio of 23.53, a P/E/G ratio of 1.04 and a beta of 0.32.

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%. As a group, equities analysts anticipate 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.