398 Shares in Stride, Inc. (NYSE:LRN) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd acquired a new stake in shares of Stride, Inc. (NYSE:LRN) during the fourth quarter, Holdings Channel.com reports. The fund acquired 398 shares of the company’s stock, valued at approximately $41,000.

Several other large investors have also recently added to or reduced their stakes in LRN. ProShare Advisors LLC boosted its stake in shares of Stride by 44.6% during the 4th quarter. ProShare Advisors LLC now owns 12,839 shares of the company’s stock valued at $1,334,000 after buying an additional 3,957 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in Stride during the fourth quarter valued at $566,000. NDVR Inc. grew its stake in Stride by 5.1% in the fourth quarter. NDVR Inc. now owns 3,762 shares of the company’s stock valued at $391,000 after purchasing an additional 182 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Stride by 2.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,435 shares of the company’s stock worth $3,059,000 after purchasing an additional 733 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Stride by 13.1% during the 4th quarter. Lazard Asset Management LLC now owns 39,356 shares of the company’s stock worth $4,089,000 after purchasing an additional 4,552 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LRN. William Blair reissued an “outperform” rating on shares of Stride in a research note on Wednesday, April 30th. Barrington Research boosted their target price 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. BMO Capital Markets restated an “outperform” rating on shares of Stride in a report on Thursday, May 1st. Finally, Canaccord Genuity Group lifted their price objective on shares of Stride from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, April 28th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Stride presently has a consensus rating of “Moderate Buy” and an average price target of $126.83.

Stride Trading Up 0.5%

Shares of LRN stock opened at $154.62 on Friday. Stride, Inc. has a 12 month low of $63.25 and a 12 month high of $162.30. The company has a market cap of $6.73 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.04 and a beta of 0.36. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $136.37 and its two-hundred day moving average is $123.08.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.07). The firm had revenue of $613.38 million during the quarter, compared to analyst estimates of $591.15 million. Stride had a net margin of 12.30% and a return on equity of 22.42%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 earnings per share. Equities analysts predict that Stride, Inc. will post 6.67 EPS for the current 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.