Zacks Investment Management Has $4.15 Million Holdings in Stride, Inc. (NYSE:LRN)

Zacks Investment Management grew its stake in Stride, Inc. (NYSE:LRN - Free Report) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,902 shares of the company's stock after acquiring an additional 2,510 shares during the period. Zacks Investment Management owned 0.09% of Stride worth $4,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd bought a new position in Stride during the fourth quarter worth about $37,000. CIBC Private Wealth Group LLC raised its stake in Stride by 85.6% in the 4th 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 during the period. Covestor Ltd lifted its holdings in Stride by 51.6% during the 4th quarter. Covestor Ltd now owns 632 shares of the company's stock valued at $66,000 after purchasing an additional 215 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Stride during the 4th quarter valued at $77,000. Finally, Smartleaf Asset Management LLC boosted its position in Stride by 372.3% during 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 period. Institutional investors and hedge funds own 98.24% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Barrington Research raised their price objective on shares of Stride from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Finally, Canaccord Genuity Group upped 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Stride presently has an average rating of "Moderate Buy" and an average price target of $121.83.

Stride Price Performance

NYSE LRN traded up $4.47 during midday trading on Tuesday, hitting $137.48. The company had a trading volume of 331,280 shares, compared to its average volume of 808,957. The firm has a 50-day moving average price of $130.71 and a 200-day moving average price of $113.72. The company has a market capitalization of $5.99 billion, a PE ratio of 22.95, a P/E/G ratio of 1.04 and a beta of 0.47. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. Stride, Inc. has a twelve month low of $58.01 and a twelve month high of $145.00.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating 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 anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal 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.