Blueshift Asset Management LLC Invests $452,000 in Stride, Inc. (NYSE:LRN)

Blueshift Asset Management LLC acquired a new position in shares of Stride, Inc. (NYSE:LRN) 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 acquired 4,350 shares of the company’s stock, valued at approximately $452,000.

Other large investors also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Stride during the fourth quarter worth $37,000. Smartleaf Asset Management LLC increased its position in shares of Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after acquiring an additional 592 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Stride by 14.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company’s stock worth $163,000 after acquiring an additional 199 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Stride during the fourth quarter worth $165,000. Finally, TD Private Client Wealth LLC increased its position in shares of Stride by 27.7% during the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock worth $167,000 after acquiring an additional 426 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LRN. BMO Capital Markets increased their price objective on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Morgan Stanley raised their target price 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. Barrington Research reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Stride in a research report on Friday, March 14th. Finally, Canaccord Genuity Group raised their target price on shares of Stride from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $119.33.

Stride Stock Performance

Shares of LRN opened at $122.95 on Friday. The firm has a 50-day moving average of $128.40 and a 200-day moving average of $105.53. Stride, Inc. has a one year low of $56.17 and a one year high of $145.00. The company has a market cap of $5.35 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. 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 (NYSE:LRN) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. As a group, equities analysts forecast 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.