Simplicity Solutions LLC Acquires New Position in Stride, Inc. (NYSE:LRN)

Simplicity Solutions LLC acquired a new stake in shares of Stride, Inc. (NYSE:LRN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,284 shares of the company’s stock, valued at approximately $314,000.

Other large investors also recently bought and sold shares of the company. Ronald Blue Trust Inc. grew its stake in Stride by 348.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock valued at $26,000 after acquiring an additional 449 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in Stride during the 4th quarter valued at about $29,000. UBS Group AG purchased a new stake in Stride during the 2nd quarter valued at about $30,000. McIlrath & Eck LLC purchased a new stake in Stride during the 3rd quarter valued at about $31,000. Finally, Tower Research Capital LLC TRC grew its stake in Stride by 51.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,015 shares of the company’s stock valued at $40,000 after acquiring an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley increased their price target on shares of Stride from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. StockNews.com raised shares of Stride from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. BMO Capital Markets increased their price target on shares of Stride from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Wedbush reissued an “outperform” rating on shares of Stride in a research note on Wednesday, January 24th. Finally, Citigroup increased their price target on shares of Stride from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.75.

Stride Stock Performance

Shares of LRN stock opened at $56.51 on Friday. The firm’s 50 day moving average price is $60.38 and its 200-day moving average price is $57.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.44 and a current ratio of 4.52. Stride, Inc. has a one year low of $35.61 and a one year high of $69.70. The firm has a market cap of $2.45 billion, a P/E ratio of 14.27, a P/E/G ratio of 0.67 and a beta of 0.26.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.31 by $0.23. Stride had a net margin of 8.80% and a return on equity of 17.77%. The firm had revenue of $504.87 million for the quarter, compared to analyst estimates of $498.05 million. During the same period in the prior year, the business posted $1.19 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities research analysts predict that Stride, Inc. will post 4.31 EPS 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.