PDT Partners LLC Purchases 6,297 Shares of Stride, Inc. (NYSE:LRN)

PDT Partners LLC boosted its position in Stride, Inc. (NYSE:LRN) by 20.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,884 shares of the company’s stock after buying an additional 6,297 shares during the quarter. PDT Partners LLC’s holdings in Stride were worth $3,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Stride in the 4th quarter valued at $37,000. CIBC Private Wealth Group LLC boosted its stake in shares of Stride by 85.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock valued at $42,000 after purchasing an additional 178 shares in the last quarter. Covestor Ltd boosted its stake in shares of Stride by 51.6% in the 4th quarter. Covestor Ltd now owns 632 shares of the company’s stock valued at $66,000 after purchasing an additional 215 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Stride in the 4th quarter valued at $77,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Stride by 372.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock valued at $79,000 after purchasing an additional 592 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors.

Stride Stock Up 0.2 %

Shares of NYSE LRN opened at $141.25 on Tuesday. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. Stride, Inc. has a 12 month low of $63.25 and a 12 month high of $146.49. The firm has a market capitalization of $6.15 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 1.04 and a beta of 0.47. The firm has a fifty day simple moving average of $130.63 and a two-hundred day simple moving average of $115.99.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS 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%. Equities analysts expect that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LRN. Barrington Research increased their price target on shares of Stride from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Canaccord Genuity Group increased their price target on shares of Stride from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Monday. Finally, BMO Capital Markets increased their price target on shares of Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.50.

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.