8,707 Shares in Stride, Inc. $LRN Purchased by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. acquired a new stake in Stride, Inc. (NYSE:LRN) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,707 shares of the company’s stock, valued at approximately $1,297,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LRN. Newbridge Financial Services Group Inc. purchased a new position in shares of Stride in the second quarter worth about $25,000. Financial Management Professionals Inc. purchased a new stake in shares of Stride during the 3rd quarter valued at approximately $26,000. Penserra Capital Management LLC bought a new position in Stride in the 2nd quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. grew its stake in Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after buying an additional 85 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Stride in the 2nd quarter valued at approximately $30,000. Institutional investors own 98.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LRN. Morgan Stanley cut their price target on Stride from $130.00 to $95.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Canaccord Genuity Group reissued a “buy” rating and set a $125.00 price objective on shares of Stride in a report on Wednesday, January 28th. Barrington Research restated an “outperform” rating and issued a $125.00 target price on shares of Stride in a research note on Wednesday, January 28th. Wall Street Zen lowered Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $94.00 price target on shares of Stride in a report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $109.75.

Stride Trading Down 1.6%

Shares of Stride stock opened at $84.53 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 7.27 and a quick ratio of 7.19. Stride, Inc. has a 1 year low of $60.61 and a 1 year high of $171.17. The firm has a market cap of $3.60 billion, a PE ratio of 12.87, a PEG ratio of 0.50 and a beta of 0.12. The company has a 50 day simple moving average of $76.00 and a two-hundred day simple moving average of $102.34.

Stride Company Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.