Oberweis Asset Management Inc. Purchases 92,500 Shares of Stride, Inc. (NYSE:LRN)

Oberweis Asset Management Inc. grew its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 80.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 207,300 shares of the company's stock after acquiring an additional 92,500 shares during the period. Stride accounts for approximately 1.0% of Oberweis Asset Management Inc.'s portfolio, making the stock its 22nd largest holding. Oberweis Asset Management Inc. owned 0.48% of Stride worth $21,545,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new position in Stride in the 4th quarter worth about $37,000. CIBC Private Wealth Group LLC grew its stake in Stride by 85.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after acquiring an additional 178 shares in the last quarter. Covestor Ltd increased its holdings in Stride by 51.6% during the 4th quarter. Covestor Ltd now owns 632 shares of the company's stock worth $66,000 after acquiring an additional 215 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in Stride in the 4th quarter worth approximately $77,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Stride by 372.3% in 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 period. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on LRN. Canaccord Genuity Group boosted their target price on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday. BMO Capital Markets upped their price objective on shares of Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Finally, Barrington Research lifted their target price on shares of Stride from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Stride currently has a consensus rating of "Moderate Buy" and an average price target of $123.50.

Stride Price Performance

LRN traded up $0.26 during midday trading on Monday, hitting $141.25. The stock had a trading volume of 859,517 shares, compared to its average volume of 823,675. Stride, Inc. has a 1 year low of $63.25 and a 1 year high of $146.49. 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 business has a fifty day moving average of $130.65 and a 200 day moving average of $115.50. The company has a market cap of $6.15 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 1.04 and a beta of 0.47.

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, beating analysts' consensus estimates 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, equities analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal 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.