18,135 Shares in Stride, Inc. $LRN Purchased by Alamar Capital Management LLC

Alamar Capital Management LLC bought a new stake in shares of Stride, Inc. (NYSE:LRN) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 18,135 shares of the company’s stock, valued at approximately $1,599,000.

A number of other large investors also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. bought a new position in shares of Stride during the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. lifted 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 worth $28,000 after purchasing an additional 85 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Stride by 62.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after purchasing an additional 131 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Stride by 481.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $74,000 after purchasing an additional 424 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Stride during the third quarter valued at about $78,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LRN has been the topic of a number of research analyst reports. Barrington Research reiterated an “outperform” rating and issued a $125.00 target price on shares of Stride in a research report on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of Stride in a report on Wednesday, July 8th. William Blair restated an “outperform” rating on shares of Stride in a report on Monday, June 15th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research note on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $109.75.

Stride Trading Down 0.6%

Shares of NYSE LRN opened at $84.20 on Thursday. Stride, Inc. has a 1-year low of $60.61 and a 1-year high of $171.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.21 and a quick ratio of 6.14. The business’s 50 day moving average is $89.84 and its two-hundred day moving average is $86.59. The stock has a market capitalization of $3.58 billion, a P/E ratio of 12.99, a PEG ratio of 0.47 and a beta of 0.10.

Stride (NYSE:LRN) last released its earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.09. Stride had a return on equity of 25.20% and a net margin of 12.15%.The firm had revenue of $629.87 million for the quarter, compared to the consensus estimate of $629.69 million. During the same quarter in the previous year, the company posted $2.02 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts expect that Stride, Inc. will post 8.21 EPS for the current year.

Stride 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.