Nia Impact Advisors LLC Has $5.31 Million Position in Stride, Inc. (NYSE:LRN)

Nia Impact Advisors LLC lessened its holdings in shares of Stride, Inc. (NYSE:LRN) by 3.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 75,380 shares of the company’s stock after selling 2,460 shares during the period. Stride accounts for 1.9% of Nia Impact Advisors LLC’s portfolio, making the stock its 18th largest position. Nia Impact Advisors LLC owned 0.17% of Stride worth $5,314,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in Stride during the 2nd quarter worth $78,000. Quadrant Capital Group LLC grew its holdings in Stride by 76.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,113 shares of the company’s stock worth $66,000 after acquiring an additional 483 shares during the period. Motco acquired a new stake in Stride during the 1st quarter worth $74,000. EntryPoint Capital LLC acquired a new stake in Stride during the 1st quarter worth $77,000. Finally, GAMMA Investing LLC grew its holdings in Stride by 25.9% during the 1st quarter. GAMMA Investing LLC now owns 1,372 shares of the company’s stock worth $87,000 after acquiring an additional 282 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on LRN shares. Barrington Research lifted their target price on shares of Stride from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Canaccord Genuity Group initiated coverage on shares of Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 price target on the stock. StockNews.com raised shares of Stride from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. BMO Capital Markets lifted their price target on shares of Stride from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Finally, Citigroup cut shares of Stride from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $77.00 to $90.00 in a research report on Tuesday, August 20th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.83.

Stride Trading Up 2.1 %

LRN opened at $82.51 on Friday. The stock has a market capitalization of $3.57 billion, a P/E ratio of 19.37, a P/E/G ratio of 0.77 and a beta of 0.26. Stride, Inc. has a 12 month low of $43.77 and a 12 month high of $83.97. The firm’s fifty day simple moving average is $76.61 and its 200 day simple moving average is $69.51. The company has a current ratio of 5.10, a quick ratio of 4.95 and a debt-to-equity ratio of 0.38.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.27 by $0.15. The business had revenue of $534.18 million for the quarter, compared to analysts’ expectations of $525.89 million. Stride had a net margin of 10.01% and a return on equity of 19.12%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 EPS. As a group, research analysts anticipate that Stride, Inc. will post 5.05 EPS for the current fiscal year.

Stride Company Profile

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.