737,755 Shares in Stride, Inc. $LRN Purchased by Deutsche Bank AG

Deutsche Bank AG bought a new stake in Stride, Inc. (NYSE:LRN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 737,755 shares of the company’s stock, valued at approximately $63,624,000.

A number of other large investors also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after purchasing an additional 85 shares in the last quarter. GAMMA Investing LLC increased its position in Stride by 2.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,716 shares of the company’s stock valued at $407,000 after buying an additional 128 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Stride by 62.7% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after buying an additional 131 shares during the last quarter. Maryland State Retirement & Pension System raised its stake in Stride by 2.4% during the fourth quarter. Maryland State Retirement & Pension System now owns 6,338 shares of the company’s stock valued at $412,000 after buying an additional 149 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Stride in the second quarter worth $25,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Stock Down 0.6%

NYSE:LRN opened at $83.70 on Friday. The stock has a fifty day simple moving average of $85.85 and a 200-day simple moving average of $88.40. The company has a current ratio of 5.94, a quick ratio of 5.81 and a debt-to-equity ratio of 0.29. Stride, Inc. has a twelve month low of $60.61 and a twelve month high of $171.17. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 0.49 and a beta of 0.11.

Stride (NYSE:LRN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.48. Stride had a return on equity of 23.49% and a net margin of 13.43%.The company had revenue of $636.06 million for the quarter, compared to analysts’ expectations of $626.52 million. During the same quarter in the prior year, the firm earned $2.29 earnings per share. Stride’s revenue was down 2.7% compared to the same quarter last year. Analysts anticipate that Stride, Inc. will post 8.62 EPS for the current year.

Wall Street Analysts Forecast Growth

LRN has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a report on Wednesday, July 8th. BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a research report on Monday, June 15th. Finally, William Blair cut shares of Stride from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $109.75.

About Stride

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.