Blueshift Asset Management LLC Makes New $452,000 Investment in Stride, Inc. (NYSE:LRN)

Blueshift Asset Management LLC purchased a new stake in shares of Stride, Inc. (NYSE:LRN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,350 shares of the company's stock, valued at approximately $452,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd bought a new position in Stride in the fourth quarter valued at about $37,000. Smartleaf Asset Management LLC increased its position in shares of Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock valued at $79,000 after purchasing an additional 592 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Stride by 14.8% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company's stock worth $163,000 after purchasing an additional 199 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Stride in the fourth quarter worth approximately $165,000. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock worth $167,000 after buying an additional 426 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Canaccord Genuity Group raised 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. Barrington Research reiterated an "outperform" rating and set a $140.00 target price on shares of Stride in a research report on Friday, March 14th. Finally, Morgan Stanley upped their price target on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.33.

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Stride Price Performance

Shares of LRN traded up $1.71 during trading hours on Tuesday, reaching $127.09. 692,062 shares of the stock traded hands, compared to its average volume of 798,771. The company has a market cap of $5.53 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. 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 company's 50-day moving average price is $128.92 and its two-hundred day moving average price is $106.47. Stride, Inc. has a 52-week low of $56.17 and a 52-week high of $145.00.

Stride (NYSE:LRN - Get Free Report) last released 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%. On average, analysts anticipate 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.