Townsquare Capital LLC Grows Position in Stride, Inc. (NYSE:LRN)

Townsquare Capital LLC raised its position in Stride, Inc. (NYSE:LRN - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,328 shares of the company's stock after buying an additional 6,284 shares during the period. Townsquare Capital LLC owned 0.08% of Stride worth $3,464,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Stifel Financial Corp increased its position in shares of Stride by 161.1% during the 3rd quarter. Stifel Financial Corp now owns 12,870 shares of the company's stock valued at $1,098,000 after purchasing an additional 7,940 shares during the last quarter. MML Investors Services LLC purchased a new stake in Stride during the third quarter worth about $225,000. Geode Capital Management LLC raised its position in Stride by 3.8% in the third quarter. Geode Capital Management LLC now owns 964,701 shares of the company's stock worth $82,315,000 after acquiring an additional 35,349 shares during the period. TD Private Client Wealth LLC boosted its stake in Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock valued at $167,000 after acquiring an additional 426 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of Stride by 161.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 20,859 shares of the company's stock valued at $1,779,000 after acquiring an additional 12,896 shares during the period. 98.24% of the stock is currently owned by institutional investors.

Stride Stock Performance

Shares of NYSE:LRN traded up $0.41 during midday trading on Friday, hitting $135.87. The company had a trading volume of 523,289 shares, compared to its average volume of 834,910. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00. The company has a fifty day moving average of $130.86 and a two-hundred day moving average of $112.93. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.04 and a beta of 0.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

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, topping 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%. On average, equities research analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Canaccord Genuity Group increased their target price on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. BMO Capital Markets lifted their price objective on shares of Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, Barrington Research upped their target price on Stride from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $121.83.

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.