Stride, Inc. (NYSE:LRN) Position Lessened by Gotham Asset Management LLC

Gotham Asset Management LLC trimmed its position in Stride, Inc. (NYSE:LRN - Free Report) by 54.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,047 shares of the company's stock after selling 9,670 shares during the quarter. Gotham Asset Management LLC's holdings in Stride were worth $836,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. purchased a new stake in shares of Stride during the 4th quarter worth $5,696,000. Congress Asset Management Co. raised its stake in Stride by 8.2% in the fourth quarter. Congress Asset Management Co. now owns 578,540 shares of the company's stock valued at $60,128,000 after buying an additional 43,829 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Stride in the fourth quarter valued at about $995,000. Truist Financial Corp purchased a new stake in Stride in the fourth quarter valued at about $302,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Stride by 61.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company's stock valued at $20,250,000 after buying an additional 72,518 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Stride Stock Performance

LRN traded down $1.36 on Friday, hitting $153.03. 716,824 shares of the company traded hands, compared to its average volume of 841,195. The company has a 50 day moving average of $139.89 and a 200-day moving average of $125.00. 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 stock has a market capitalization of $6.66 billion, a PE ratio of 25.55, a PEG ratio of 1.04 and a beta of 0.36. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. William Blair restated an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Barrington Research raised their price objective on Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. BMO Capital Markets reissued an "outperform" rating on shares of Stride in a report on Thursday, May 1st. Finally, Canaccord Genuity Group lifted their price target on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $126.83.

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.