Stride, Inc. (NYSE:LRN) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in shares of Stride, Inc. (NYSE:LRN) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,947 shares of the company’s stock after buying an additional 367 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Stride were worth $722,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LRN shares. Barrington Research restated an “outperform” rating and set a $140.00 target price on shares of Stride in a report on Friday. BMO Capital Markets raised their price objective 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 upped their target price on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Canaccord Genuity Group raised their price target on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.33.

Stride Trading Up 0.5 %

Shares of LRN opened at $121.95 on Tuesday. Stride, Inc. has a fifty-two week low of $56.17 and a fifty-two week high of $145.00. The company has a market capitalization of $5.31 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The stock has a fifty day moving average of $127.61 and a two-hundred day moving average of $105.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02.

Stride (NYSE:LRN) last released its earnings results on Tuesday, January 28th. The company reported $2.03 EPS 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, 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.