Global Alpha Capital Management Ltd. Lowers Holdings in Stride, Inc. (NYSE:LRN)

Global Alpha Capital Management Ltd. lowered its stake in Stride, Inc. (NYSE:LRN - Free Report) by 31.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,623 shares of the company's stock after selling 12,426 shares during the period. Global Alpha Capital Management Ltd. owned 0.06% of Stride worth $2,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LRN. R Squared Ltd purchased a new stake in shares of Stride in the fourth quarter worth $37,000. Smartleaf Asset Management LLC grew its position in 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. SBI Securities Co. Ltd. bought a new stake in Stride during the 4th quarter valued at about $165,000. TD Private Client Wealth LLC raised its holdings in 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. Finally, Wolverine Asset Management LLC lifted its stake in shares of Stride by 11.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company's stock worth $187,000 after buying an additional 183 shares in the last quarter. Institutional investors own 98.24% of the company's stock.

Wall Street Analysts Forecast Growth

LRN has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. BMO Capital Markets boosted their price target on Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Canaccord Genuity Group increased their price objective on Stride from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Barrington Research boosted 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Stride currently has an average rating of "Moderate Buy" and an average target price of $119.33.

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Stride Stock Performance

NYSE:LRN traded up $0.32 on Wednesday, hitting $119.86. The stock had a trading volume of 677,174 shares, compared to its average volume of 805,476. Stride, Inc. has a 52-week low of $56.17 and a 52-week high of $145.00. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The business's 50-day simple moving average is $126.48 and its two-hundred day simple moving average is $103.94.

Stride (NYSE:LRN - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that Stride, Inc. will post 6.67 earnings per share 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.