Stride, Inc. (NYSE:LRN – Get Free Report) saw unusually large options trading activity on Wednesday. Traders bought 3,618 call options on the stock. This is an increase of approximately 170% compared to the average volume of 1,340 call options.
Stride Stock Up 30.7 %
Shares of NYSE LRN traded up $19.83 during mid-day trading on Wednesday, reaching $84.32. 2,479,312 shares of the company were exchanged, compared to its average volume of 791,943. The firm has a 50-day moving average of $79.16 and a 200 day moving average of $72.54. Stride has a 1 year low of $43.90 and a 1 year high of $88.02. The company has a quick ratio of 4.95, a current ratio of 5.10 and a debt-to-equity ratio of 0.38. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 0.74 and a beta of 0.26.
Stride (NYSE:LRN – Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. The business had revenue of $551.08 million for the quarter, compared to analysts’ expectations of $504.29 million. Stride had a net margin of 10.01% and a return on equity of 19.12%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. On average, research analysts expect that Stride will post 5.05 earnings per share for the current year.
Analysts Set New Price Targets
View Our Latest Stock Analysis on LRN
Hedge Funds Weigh In On Stride
A number of large investors have recently made changes to their positions in LRN. Allspring Global Investments Holdings LLC increased its position in Stride by 4.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,018 shares of the company’s stock valued at $1,830,000 after buying an additional 1,287 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Stride by 5.2% during the first quarter. Principal Financial Group Inc. now owns 231,274 shares of the company’s stock valued at $14,582,000 after acquiring an additional 11,495 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Stride by 17.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,262 shares of the company’s stock valued at $1,971,000 after purchasing an additional 4,546 shares during the last quarter. Nordea Investment Management AB boosted its stake in Stride by 48.9% in the 1st quarter. Nordea Investment Management AB now owns 105,630 shares of the company’s stock worth $6,698,000 after purchasing an additional 34,682 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its position in Stride by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 34,831 shares of the company’s stock worth $2,196,000 after purchasing an additional 496 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.
About Stride
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.
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