4,226 Shares in Stride, Inc. (NYSE:LRN) Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new position in shares of Stride, Inc. (NYSE:LRN) in the fourth quarter, HoldingsChannel reports. The fund bought 4,226 shares of the company’s stock, valued at approximately $439,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mutual of America Capital Management LLC boosted its stake in Stride by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock valued at $675,000 after acquiring an additional 93 shares in the last quarter. Arizona State Retirement System boosted its stake in Stride by 0.8% in the fourth quarter. Arizona State Retirement System now owns 11,932 shares of the company’s stock valued at $1,240,000 after acquiring an additional 99 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Stride by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock valued at $2,151,000 after acquiring an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Stride by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock valued at $1,047,000 after acquiring an additional 100 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Stride by 3.6% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company’s stock valued at $336,000 after acquiring an additional 113 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Barrington Research reiterated an “outperform” rating and set a $140.00 target price on shares of Stride in a research note on Friday. Morgan Stanley increased their target price on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. BMO Capital Markets increased their target price on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Canaccord Genuity Group increased their target price on shares of Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.33.

Stride Trading Up 0.5 %

NYSE LRN opened at $121.95 on Tuesday. The stock 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, Inc. has a 52-week low of $56.17 and a 52-week high of $145.00. The firm has a 50-day moving average price of $127.61 and a 200 day moving average price of $105.03. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35.

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

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.