Robeco Institutional Asset Management B.V. Purchases Shares of 3,267 Stride, Inc. (NYSE:LRN)

Robeco Institutional Asset Management B.V. purchased a new position in Stride, Inc. (NYSE:LRN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,267 shares of the company's stock, valued at approximately $340,000.

A number of other institutional investors have also recently bought and sold shares of LRN. R Squared Ltd acquired a new stake in Stride during the 4th quarter worth about $37,000. KBC Group NV boosted its position in Stride by 68.5% during the 4th quarter. KBC Group NV now owns 1,891 shares of the company's stock worth $197,000 after acquiring an additional 769 shares during the period. Blue Trust Inc. boosted its position in Stride by 1.2% during the 4th quarter. Blue Trust Inc. now owns 11,672 shares of the company's stock worth $1,213,000 after acquiring an additional 141 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Stride by 3.6% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company's stock worth $336,000 after acquiring an additional 113 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in Stride by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 22,867 shares of the company's stock worth $2,377,000 after acquiring an additional 947 shares during the period. Hedge funds and other institutional investors own 98.24% of the company's stock.

Stride Stock Performance

Stride stock traded up $3.17 during trading hours on Friday, reaching $142.45. 1,447,589 shares of the company were exchanged, compared to its average volume of 996,334. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.04 and a beta of 0.32. 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 stock has a 50-day moving average of $113.74 and a 200 day moving average of $94.82. Stride, Inc. has a 12 month low of $54.81 and a 12 month high of $145.00.

Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS 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, research analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

LRN has been the subject of several recent research reports. BMO Capital Markets boosted their price target on Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Morgan Stanley boosted their price target on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. StockNews.com cut Stride from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group boosted their price target on Stride from $100.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Barrington Research upped their target price on Stride from $130.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $116.83.

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.