LRN has been the subject of several other reports. Zacks Investment Research upgraded shares of Stride from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Friday. Barrington Research boosted their price objective on Stride from $45.00 to $50.00 in a report on Wednesday. Finally, Morgan Stanley upped their price target on Stride from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday.
Shares of NYSE:LRN traded down $0.36 during mid-day trading on Friday, reaching $36.85. 849,468 shares of the company traded hands, compared to its average volume of 544,419. The company’s 50 day moving average price is $34.51 and its 200-day moving average price is $34.03. The firm has a market cap of $1.58 billion, a PE ratio of 22.07, a PEG ratio of 0.72 and a beta of 0.45. Stride has a 52 week low of $25.55 and a 52 week high of $41.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.43 and a quick ratio of 3.33.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Counterpoint Mutual Funds LLC acquired a new position in Stride in the fourth quarter valued at approximately $26,000. Signaturefd LLC increased its holdings in shares of Stride by 553.9% in the fourth quarter. Signaturefd LLC now owns 1,092 shares of the company’s stock valued at $36,000 after buying an additional 925 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Stride by 89.2% in the third quarter. Daiwa Securities Group Inc. now owns 1,845 shares of the company’s stock valued at $66,000 after buying an additional 870 shares in the last quarter. Point72 Hong Kong Ltd increased its holdings in shares of Stride by 401.1% in the fourth quarter. Point72 Hong Kong Ltd now owns 2,185 shares of the company’s stock valued at $73,000 after buying an additional 1,749 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in shares of Stride by 64.4% in the third quarter. Advisor Group Holdings Inc. now owns 2,803 shares of the company’s stock valued at $100,000 after buying an additional 1,098 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.
About Stride (Get Rating)
Stride, Inc, a technology-based education company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, and support students.
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