Counterpoint Mutual Funds LLC Purchases Shares of 4,226 Stride, Inc. (NYSE:LRN)

Counterpoint Mutual Funds LLC acquired a new stake in shares of Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,226 shares of the company's stock, valued at approximately $439,000.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Stride in the 4th quarter worth approximately $37,000. Smartleaf Asset Management LLC increased its position in Stride by 372.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after purchasing an additional 592 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in Stride by 14.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company's stock valued at $163,000 after purchasing an additional 199 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Stride during the fourth quarter valued at $165,000. Finally, TD Private Client Wealth LLC grew its stake in shares of Stride by 27.7% in the 3rd 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 in the last quarter. 98.24% of the stock is owned by institutional investors.

Stride Trading Down 0.7 %

LRN stock traded down $0.81 during midday trading on Friday, reaching $121.97. The company's stock had a trading volume of 1,030,344 shares, compared to its average volume of 862,816. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 1.04 and a beta of 0.46. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The stock has a fifty day simple moving average of $128.40 and a two-hundred day simple moving average of $105.53.

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Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data 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 return on equity of 22.42% and a net margin of 12.30%. On average, equities research analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LRN. Morgan Stanley increased their price target on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Barrington Research reiterated an "outperform" rating and issued a $140.00 target price on shares of Stride in a report on Friday, March 14th. 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. Finally, BMO Capital Markets lifted their price objective 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $119.33.

About Stride

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.