Renaissance Group LLC Increases Stock Position in Stride, Inc. $LRN

Renaissance Group LLC lifted its holdings in Stride, Inc. (NYSE:LRN) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,844 shares of the company’s stock after buying an additional 3,235 shares during the quarter. Renaissance Group LLC owned approximately 0.15% of Stride worth $9,270,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Penserra Capital Management LLC purchased a new position in Stride during the 2nd quarter valued at about $27,000. Larson Financial Group LLC lifted its holdings in shares of Stride by 333.3% during the first quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock valued at $26,000 after purchasing an additional 160 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Stride by 37.5% during the second quarter. Golden State Wealth Management LLC now owns 275 shares of the company’s stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Stride by 129.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 326 shares of the company’s stock worth $47,000 after purchasing an additional 184 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Stride by 374.6% in the 1st quarter. Harbour Investments Inc. now owns 337 shares of the company’s stock worth $43,000 after buying an additional 266 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

Stride Trading Up 2.8%

Stride stock opened at $64.47 on Wednesday. Stride, Inc. has a one year low of $62.49 and a one year high of $171.17. The business’s fifty day moving average is $123.06 and its 200 day moving average is $139.13. The stock has a market capitalization of $2.83 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 0.40 and a beta of -0.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 6.78 and a quick ratio of 5.27.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, October 28th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.29. Stride had a net margin of 12.76% and a return on equity of 26.29%. The business had revenue of $620.88 million for the quarter, compared to analysts’ expectations of $615.50 million. During the same quarter in the prior year, the business earned $0.94 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. Stride has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, sell-side analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

Analysts Set New Price Targets

LRN has been the subject of a number of recent research reports. Wall Street Zen cut Stride from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stride in a research report on Thursday, November 13th. BMO Capital Markets set a $108.00 price target on shares of Stride and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Morgan Stanley increased their price objective on shares of Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Finally, Canaccord Genuity Group lifted their target price on shares of Stride from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.75.

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.