Pacific Point Advisors LLC Purchases New Shares in Stride, Inc. (NYSE:LRN)

Pacific Point Advisors LLC purchased a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,000 shares of the company's stock, valued at approximately $208,000.

Other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Stride by 0.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,985 shares of the company's stock worth $10,599,000 after buying an additional 383 shares during the last quarter. Vident Advisory LLC bought a new position in shares of Stride during the 4th quarter worth approximately $297,000. Squarepoint Ops LLC increased its holdings in shares of Stride by 165.5% during the 4th quarter. Squarepoint Ops LLC now owns 134,598 shares of the company's stock worth $13,989,000 after acquiring an additional 83,898 shares during the last quarter. Two Sigma Investments LP lifted its holdings in Stride by 327.0% during the 4th quarter. Two Sigma Investments LP now owns 60,209 shares of the company's stock valued at $6,258,000 after purchasing an additional 46,109 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in Stride by 2,751.9% during the fourth quarter. Tidal Investments LLC now owns 246,459 shares of the company's stock worth $25,614,000 after purchasing an additional 237,817 shares during the period. 98.24% of the stock is currently owned by institutional investors.

Stride Stock Down 1.1%

Shares of NYSE:LRN traded down $1.71 during mid-day trading on Thursday, hitting $149.98. 219,709 shares of the company traded hands, compared to its average volume of 839,750. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $141.72 and a two-hundred day moving average price of $126.09. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30. The stock has a market cap of $6.53 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.04 and a beta of 0.36.

Stride (NYSE:LRN - Get Free Report) last issued 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). Stride had a net margin of 12.30% and a return on equity of 22.42%. The business had revenue of $613.38 million for the quarter, compared to the consensus estimate of $591.15 million. During the same period in the previous year, the firm earned $1.60 EPS. The company's revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LRN shares. BMO Capital Markets reaffirmed an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. William Blair restated an "outperform" rating on shares of Stride in a research report on Wednesday, April 30th. Barrington Research raised their price objective 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. Finally, Canaccord Genuity Group raised their price target on shares of Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Stride has a consensus rating of "Moderate Buy" and an average target price of $126.83.

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.