Stride (NYSE:LRN) Director Brian Shepherd Acquires 10,000 Shares of Stock

Stride, Inc. (NYSE:LRN) Director Brian Shepherd bought 10,000 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was bought at an average price of $74.95 per share, with a total value of $749,500.00. Following the acquisition, the director owned 23,094 shares in the company, valued at approximately $1,730,895.30. This trade represents a 76.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Stride Trading Up 5.6%

Shares of NYSE LRN traded up $4.18 during trading hours on Wednesday, hitting $79.23. 1,357,748 shares of the company traded hands, compared to its average volume of 940,545. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 0.42 and a beta of 0.16. The company has a current ratio of 2.56, a quick ratio of 2.53 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average price is $81.08 and its 200 day moving average price is $85.81. Stride, Inc. has a 12 month low of $60.61 and a 12 month high of $103.67.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.30. The company had revenue of $639.38 million during the quarter, compared to the consensus estimate of $612.25 million. Stride had a return on equity of 22.06% and a net margin of 13.18%. Stride’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. On average, equities research analysts anticipate that Stride, Inc. will post 9.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on LRN. Weiss Ratings raised shares of Stride from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Barrington Research lowered their target price on shares of Stride from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Friday, October 23rd. BMO Capital Markets dropped their price target on shares of Stride from $93.00 to $90.00 and set a “market perform” rating for the company in a research note on Monday, October 5th. Zacks Research upgraded shares of Stride from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 28th. Finally, William Blair lowered shares of Stride from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Stride has a consensus rating of “Moderate Buy” and a consensus target price of $106.25.

Hedge Funds Weigh In On Stride

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of Stride by 108.7% during the first quarter. EverSource Wealth Advisors LLC now owns 432 shares of the company’s stock worth $38,000 after purchasing an additional 225 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Stride during the second quarter valued at $46,000. Caitlin John LLC bought a new position in shares of Stride in the second quarter worth about $49,000. John Boyer Inc. bought a new position in shares of Stride in the third quarter worth about $67,000. Finally, Bard Associates Inc. bought a new position in shares of Stride in the second quarter worth about $88,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Company Profile

Stride, Inc is an education technology company that provides online and blended learning programs for K-12 students. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instructional software, teaching support and student services. Its offerings are designed to support full-time virtual schools, supplemental courses and traditional schools incorporating online learning.

Stride also provides career-focused education through programs that combine academic instruction with career exploration, technical training and industry-aligned learning opportunities.