Voss Capital LP Buys Shares of 138,274 Stride, Inc. $LRN

Voss Capital LP bought a new stake in Stride, Inc. (NYSE:LRN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 138,274 shares of the company’s stock, valued at approximately $8,978,000. Voss Capital LP owned 0.32% of Stride as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new stake in Stride in the second quarter valued at $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Stride by 78.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after acquiring an additional 85 shares during the period. Leonteq Securities AG acquired a new stake in Stride in the fourth quarter valued at $35,000. Caitong International Asset Management Co. Ltd lifted its holdings in Stride by 482.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 617 shares of the company’s stock valued at $40,000 after acquiring an additional 511 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Stride by 62.7% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LRN shares. Barrington Research reaffirmed an “outperform” rating and set a $125.00 price target on shares of Stride in a research note on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stride in a research note on Friday, April 10th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a research note on Tuesday, March 3rd. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Stride has an average rating of “Hold” and an average target price of $109.75.

Stride Trading Down 2.4%

NYSE:LRN opened at $97.11 on Friday. The company has a market capitalization of $4.13 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.61 and a beta of 0.10. The company has a quick ratio of 6.14, a current ratio of 6.21 and a debt-to-equity ratio of 0.29. Stride, Inc. has a 52-week low of $60.61 and a 52-week high of $171.17. The stock has a fifty day simple moving average of $93.47 and a 200-day simple moving average of $82.00.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.09. The business had revenue of $629.87 million during the quarter, compared to the consensus estimate of $629.69 million. Stride had a return on equity of 25.20% and a net margin of 12.15%.The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.02 EPS. On average, equities research analysts expect that Stride, Inc. will post 8.21 earnings per share for the current fiscal year.

Stride Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.