Stride, Inc. $LRN Stake Raised by William Blair Investment Management LLC

William Blair Investment Management LLC increased its holdings in Stride, Inc. (NYSE:LRN) by 37.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,511,080 shares of the company’s stock after buying an additional 410,029 shares during the quarter. William Blair Investment Management LLC owned about 3.45% of Stride worth $225,060,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. bought a new stake in Stride during the 2nd quarter valued at $25,000. Financial Management Professionals Inc. bought a new position in shares of Stride in the third quarter worth $26,000. Penserra Capital Management LLC acquired a new position in shares of Stride during the second quarter valued at $27,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Stride by 78.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after purchasing an additional 85 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Stride in the second quarter worth about $30,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Trading Down 1.6%

Stride stock opened at $84.53 on Friday. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 0.50 and a beta of 0.10. Stride, Inc. has a 1 year low of $60.61 and a 1 year high of $171.17. The firm’s 50 day moving average price is $76.00 and its two-hundred day moving average price is $102.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.19 and a current ratio of 7.27.

Wall Street Analyst Weigh In

LRN has been the topic of several research analyst reports. Barrington Research reissued an “outperform” rating and set a $125.00 target price on shares of Stride in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stride in a report on Monday, December 29th. Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Canaccord Genuity Group restated a “buy” rating and issued a $125.00 target price on shares of Stride in a research report on Wednesday, January 28th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $94.00 price target on shares of Stride in a research note on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $109.75.

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.