138,274 Shares in Stride, Inc. $LRN Purchased by Voss Capital LP

Voss Capital LP acquired a new position in shares of Stride, Inc. (NYSE:LRN) in the fourth quarter, HoldingsChannel reports. The firm acquired 138,274 shares of the company’s stock, valued at approximately $8,978,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in Stride during the 2nd quarter worth about $25,000. Northwestern Mutual Wealth Management Co. grew its holdings in Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after buying an additional 85 shares during the period. Geneos Wealth Management Inc. grew its holdings in Stride by 62.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after buying an additional 131 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Stride by 481.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $74,000 after buying an additional 424 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Stride in the 3rd quarter valued at about $78,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Down 2.4%

Shares of NYSE:LRN opened at $97.11 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.14 and a current ratio of 6.21. Stride, Inc. has a 1 year low of $60.61 and a 1 year high of $171.17. The stock has a market capitalization of $4.13 billion, a P/E ratio of 14.99, a PEG ratio of 0.61 and a beta of 0.10. The stock has a 50-day simple moving average of $93.47 and a 200-day simple moving average of $82.00.

Stride (NYSE:LRN) last issued its earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.09. Stride had a return on equity of 25.20% and a net margin of 12.15%.The business had revenue of $629.87 million during the quarter, compared to analysts’ expectations of $629.69 million. During the same quarter in the previous year, the business earned $2.02 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts forecast that Stride, Inc. will post 8.21 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the company. Barrington Research restated an “outperform” rating and issued a $125.00 price target on shares of Stride in a report on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of Stride in a report on Friday, April 10th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Stride in a report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.75.

Stride Company Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.