Sierra Summit Advisors LLC Makes New Investment in Stride, Inc. (NYSE:LRN)

Sierra Summit Advisors LLC acquired a new stake in shares of Stride, Inc. (NYSE:LRN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,452 shares of the company's stock, valued at approximately $567,000.

Several other large investors also recently modified their holdings of the stock. R Squared Ltd bought a new position in shares of Stride during the fourth quarter valued at $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 worth $42,000 after buying an additional 178 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Stride during the fourth quarter worth approximately $77,000. Smartleaf Asset Management LLC boosted its holdings in shares of Stride by 372.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after acquiring an additional 592 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in Stride by 23.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,378 shares of the company's stock worth $143,000 after acquiring an additional 258 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

Stride Trading Up 0.6 %

LRN traded up $0.82 during trading on Friday, reaching $134.56. 811,811 shares of the company's stock were exchanged, compared to its average volume of 838,018. The company's fifty day moving average price is $131.26 and its 200-day moving average price is $111.33. The firm has a market capitalization of $5.86 billion, a PE ratio of 22.46, a P/E/G ratio of 1.04 and a beta of 0.47. Stride, Inc. has a fifty-two week low of $56.17 and a fifty-two week 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.

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

Analysts Set New Price Targets

LRN has been the topic of several research analyst reports. Barrington Research restated an "outperform" rating and set a $140.00 target price on shares of Stride in a report on Friday, March 14th. BMO Capital Markets raised their price objective on shares of Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Finally, Canaccord Genuity Group upped their target price on shares of Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Stride presently has an average rating of "Moderate Buy" and an average target price of $120.17.

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.