Bosun Asset Management LLC Has $862,000 Stock Position in Stride, Inc. (NYSE:LRN)

Bosun Asset Management LLC boosted its position in shares of Stride, Inc. (NYSE:LRN) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,292 shares of the company’s stock after purchasing an additional 111 shares during the quarter. Bosun Asset Management LLC’s holdings in Stride were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in LRN. Vanguard Group Inc. raised its stake in shares of Stride by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company’s stock worth $485,706,000 after buying an additional 69,888 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Stride by 18.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock valued at $256,397,000 after acquiring an additional 375,686 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Stride by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 970,395 shares of the company’s stock valued at $100,877,000 after purchasing an additional 5,694 shares during the period. Principal Financial Group Inc. boosted its position in shares of Stride by 293.1% in the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock worth $90,024,000 after purchasing an additional 645,835 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Stride by 9.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 764,067 shares of the company’s stock worth $79,411,000 after purchasing an additional 65,509 shares during the period. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LRN. Canaccord Genuity Group increased their target price on Stride from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, April 28th. William Blair reissued an “outperform” rating on shares of Stride in a research note on Wednesday, April 30th. BMO Capital Markets upped their target price on shares of Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. Finally, Barrington Research lifted their price target on shares of Stride from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.83.

Stride Price Performance

NYSE LRN opened at $160.63 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $162.30. The business has a 50 day simple moving average of $132.24 and a 200 day simple moving average of $118.92. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 1.04 and a beta of 0.36.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.07). The company had revenue of $613.38 million for the quarter, compared to the consensus estimate of $591.15 million. Stride had a return on equity of 22.42% and a net margin of 12.30%. The firm’s revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.60 EPS. Analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

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.