Two Sigma Investments LP lifted its position in Stride, Inc. (NYSE:LRN - Free Report) by 327.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,209 shares of the company's stock after buying an additional 46,109 shares during the quarter. Two Sigma Investments LP owned about 0.14% of Stride worth $6,258,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Stride in the fourth quarter worth $37,000. CIBC Private Wealth Group LLC lifted its stake in shares of Stride by 85.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after buying an additional 178 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Stride in the fourth quarter worth $41,000. Covestor Ltd lifted its stake in shares of Stride by 51.6% in the fourth quarter. Covestor Ltd now owns 632 shares of the company's stock worth $66,000 after buying an additional 215 shares during the last quarter. Finally, Gen Wealth Partners Inc bought a new position in Stride during the fourth quarter worth $75,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.
Stride Stock Performance
Stride stock traded up $2.83 on Friday, hitting $151.64. The company's stock had a trading volume of 725,289 shares, compared to its average volume of 844,901. The firm has a market cap of $6.60 billion, a P/E ratio of 25.32, 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 company has a fifty day moving average price of $142.68 and a 200-day moving average price of $126.93. Stride, Inc. has a one year low of $63.25 and a one year high of $162.30.
Stride (NYSE:LRN - Get Free Report) last posted its earnings results 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). Stride had a return on equity of 22.42% and a net margin of 12.30%. The firm had revenue of $613.38 million during the quarter, compared to the consensus estimate of $591.15 million. During the same period in the previous year, the company posted $1.60 EPS. The firm's revenue for the quarter was up 17.8% compared to the same quarter last year. On average, equities analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. William Blair reiterated an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Barrington Research upped their target price on shares of Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Wall Street Zen cut shares of Stride from a "buy" rating to a "hold" rating in a research note on Friday. Canaccord Genuity Group upped their target price 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. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $126.83.
View Our Latest Report on Stride
About Stride
(
Free Report)
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.
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