7,457 Shares in Stride, Inc. (NYSE:LRN) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new position in Stride, Inc. (NYSE:LRN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,457 shares of the company’s stock, valued at approximately $775,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. purchased a new stake in Stride in the fourth quarter worth $5,696,000. Congress Asset Management Co. boosted its holdings in Stride by 8.2% in the fourth quarter. Congress Asset Management Co. now owns 578,540 shares of the company’s stock worth $60,128,000 after acquiring an additional 43,829 shares in the last quarter. Aigen Investment Management LP bought a new stake in Stride in the fourth quarter worth $995,000. Truist Financial Corp bought a new stake in Stride in the fourth quarter worth $302,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Stride by 61.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company’s stock worth $20,250,000 after acquiring an additional 72,518 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on LRN shares. Canaccord Genuity Group boosted their target price on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Morgan Stanley boosted their target price on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Barrington Research reissued an “outperform” rating and issued a $140.00 target price on shares of Stride in a report on Friday, March 14th. Finally, BMO Capital Markets upped their price target on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Stride currently has an average rating of “Moderate Buy” and a consensus target price of $119.33.

Stride Trading Down 0.7 %

Shares of NYSE:LRN opened at $121.97 on Friday. The company has a market cap of $5.31 billion, a P/E ratio of 20.36, a PEG ratio of 1.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00. The stock’s fifty day moving average price is $128.61 and its 200-day moving average price is $105.80.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating 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%. Sell-side analysts expect that Stride, Inc. will post 6.67 earnings per share for the current year.

Stride 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.