Smartleaf Asset Management LLC Acquires 592 Shares of Stride, Inc. (NYSE:LRN)

Smartleaf Asset Management LLC boosted its stake in shares of Stride, Inc. (NYSE:LRN) by 372.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 751 shares of the company’s stock after buying an additional 592 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Stride were worth $79,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Mutual of America Capital Management LLC boosted its stake in Stride by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock valued at $675,000 after acquiring an additional 93 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Stride by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock worth $2,151,000 after purchasing an additional 100 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Stride by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock valued at $1,047,000 after purchasing an additional 100 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Stride by 3.6% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company’s stock valued at $336,000 after purchasing an additional 113 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in Stride by 3.9% during the third quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock valued at $274,000 after purchasing an additional 121 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Down 7.4 %

LRN stock opened at $123.36 on Monday. The stock has a 50-day simple moving average of $125.87 and a two-hundred day simple moving average of $103.39. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00. The firm has a market capitalization of $5.37 billion, a PE ratio of 20.59, a PEG ratio of 1.04 and a beta of 0.46. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating the consensus estimate 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 analysts predict that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Canaccord Genuity Group upped their price target on Stride from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Morgan Stanley upped their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. BMO Capital Markets lifted their target price on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Barrington Research boosted their price target on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stride presently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

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.