Entropy Technologies LP Has $792,000 Stake in Stride, Inc. (NYSE:LRN)

Entropy Technologies LP increased its stake in Stride, Inc. (NYSE:LRN - Free Report) by 47.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,623 shares of the company's stock after acquiring an additional 2,445 shares during the period. Entropy Technologies LP's holdings in Stride were worth $792,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in Stride during the fourth quarter valued at about $37,000. KBC Group NV lifted its holdings in shares of Stride by 68.5% during the 4th quarter. KBC Group NV now owns 1,891 shares of the company's stock valued at $197,000 after acquiring an additional 769 shares in the last quarter. TD Private Client Wealth LLC boosted its position 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 period. Sheets Smith Wealth Management purchased a new position in Stride in the 4th quarter worth approximately $205,000. Finally, OLD National Bancorp IN purchased a new stake in shares of Stride during the fourth quarter valued at approximately $206,000. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LRN has been the topic of several analyst reports. Barrington Research lifted their price target on shares of Stride from $130.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Canaccord Genuity Group boosted their target price on shares of Stride from $100.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Citigroup upped their price objective on Stride from $90.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. BMO Capital Markets raised 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. Finally, Morgan Stanley raised their price target on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.83.

Stride Price Performance

Stride stock traded up $0.85 during trading hours on Friday, hitting $140.19. 380,574 shares of the company traded hands, compared to its average volume of 996,334. Stride, Inc. has a 1-year low of $54.81 and a 1-year high of $145.00. The firm has a market cap of $6.11 billion, a P/E ratio of 23.40, a P/E/G ratio of 1.04 and a beta of 0.32. The firm's 50-day simple moving average is $116.77 and its two-hundred day simple moving average is $97.15. 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 - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (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, analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

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.