Gaddis Premier Wealth Advisors LLC Increases Stock Position in Stride, Inc. $LRN

Gaddis Premier Wealth Advisors LLC increased its stake in shares of Stride, Inc. (NYSE:LRN) by 229.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,533 shares of the company’s stock after purchasing an additional 7,338 shares during the period. Stride accounts for about 0.7% of Gaddis Premier Wealth Advisors LLC’s holdings, making the stock its 27th biggest position. Gaddis Premier Wealth Advisors LLC’s holdings in Stride were worth $929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new position in Stride during the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. boosted 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 acquiring an additional 85 shares during the last quarter. Leonteq Securities AG purchased a new stake in Stride during the 4th quarter worth about $35,000. Caitong International Asset Management Co. Ltd increased its position in Stride by 482.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 617 shares of the company’s stock worth $40,000 after purchasing an additional 511 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Stride by 62.7% in 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. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of Stride in a research note on Monday, June 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Stride in a research report on Wednesday, July 8th. Barrington Research reissued an “outperform” rating and set a $125.00 price objective on shares of Stride in a research note on Thursday, April 16th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Stride in a research report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $109.75.

Stride Price Performance

Stride stock opened at $87.50 on Friday. 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 quick ratio of 6.14 and a current ratio of 6.21. The firm has a 50 day moving average price of $90.00 and a 200 day moving average price of $86.02. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 0.47 and a beta of 0.10.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.09. The company had revenue of $629.87 million for the quarter, compared to the consensus estimate of $629.69 million. Stride had a net margin of 12.15% and a return on equity of 25.20%. Stride’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.02 earnings per share. Sell-side analysts predict that Stride, Inc. will post 8.21 earnings per share for the current year.

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.