Versor Investments LP Purchases 4,784 Shares of Stride, Inc. (NYSE:LRN)

Versor Investments LP increased its position in Stride, Inc. (NYSE:LRN) by 121.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,717 shares of the company’s stock after purchasing an additional 4,784 shares during the quarter. Versor Investments LP’s holdings in Stride were worth $906,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Asset Management One Co. Ltd. bought a new stake in shares of Stride in the 4th quarter valued at about $5,696,000. Congress Asset Management Co. raised its holdings in shares of Stride by 8.2% in the 4th quarter. Congress Asset Management Co. now owns 578,540 shares of the company’s stock valued at $60,128,000 after purchasing an additional 43,829 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Stride by 61.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company’s stock valued at $20,250,000 after purchasing an additional 72,518 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Stride in the 3rd quarter valued at about $430,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Stride in the 4th quarter valued at about $340,000. 98.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on LRN. Canaccord Genuity Group increased their price target on shares of Stride from $100.00 to $130.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barrington Research increased their price target on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Morgan Stanley increased their price target on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets increased their price target on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

Stride Stock Performance

Shares of NYSE:LRN opened at $134.49 on Friday. The company’s 50 day moving average price is $122.20 and its two-hundred day moving average price is $100.83. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00. The firm has a market cap of $5.86 billion, a PE ratio of 22.45, a PEG ratio of 1.04 and a beta of 0.32. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict 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.