New Age Alpha Advisors LLC Purchases Shares of 2,427 Stride, Inc. (NYSE:LRN)

New Age Alpha Advisors LLC acquired a new position in shares of Stride, Inc. (NYSE:LRN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,427 shares of the company’s stock, valued at approximately $252,000.

A number of other large investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. acquired a new stake in shares of Stride in the 4th quarter valued at $5,696,000. Congress Asset Management Co. increased its holdings 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 acquired a new stake in Stride in the fourth quarter valued at $995,000. Truist Financial Corp purchased a new stake in Stride during the 4th quarter worth about $302,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Stride by 61.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company’s stock worth $20,250,000 after acquiring an additional 72,518 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LRN. Barrington Research reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Stride in a report on Friday, March 14th. Canaccord Genuity Group upped their target price on shares of Stride from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. BMO Capital Markets increased their target price on shares of Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Morgan Stanley boosted their price target on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Stride presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.17.

Stride Stock Up 2.1 %

LRN stock opened at $129.13 on Wednesday. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The company has a fifty day moving average price of $130.65 and a 200 day moving average price of $108.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. Stride, Inc. has a 12 month low of $56.17 and a 12 month high of $145.00.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping 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%. Sell-side analysts expect that Stride, Inc. will post 6.67 earnings per share for the current year.

About Stride

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.