Counterpoint Mutual Funds LLC Takes Position in Stride, Inc. (NYSE:LRN)

Counterpoint Mutual Funds LLC purchased a new stake in shares of Stride, Inc. (NYSE:LRN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,226 shares of the company’s stock, valued at approximately $439,000.

Several other institutional investors have also recently made changes to their positions in the company. Cibc World Markets Corp purchased a new stake in shares of Stride during the 4th quarter valued at approximately $414,000. Commonwealth Equity Services LLC raised its position in shares of Stride by 9.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,842 shares of the company’s stock valued at $503,000 after buying an additional 417 shares during the period. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Stride during the 4th quarter valued at approximately $831,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of Stride by 14.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company’s stock valued at $163,000 after buying an additional 199 shares during the period. Finally, Erste Asset Management GmbH raised its position in shares of Stride by 12.3% during the 4th quarter. Erste Asset Management GmbH now owns 84,749 shares of the company’s stock valued at $8,918,000 after buying an additional 9,263 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Up 0.5 %

Stride stock opened at $121.95 on Tuesday. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00. The stock’s fifty day simple moving average is $127.61 and its 200-day simple moving average is $105.03. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $5.31 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. As a group, equities analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LRN has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. BMO Capital Markets boosted their target price on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Barrington Research reissued an “outperform” rating and issued a $140.00 target price on shares of Stride in a research report on Friday. Finally, Canaccord Genuity Group boosted their target price on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Stride has an average rating of “Moderate Buy” and a consensus target price of $119.33.

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.