Inspire Advisors LLC Sells 1,093 Shares of Stride, Inc. (NYSE:LRN)

Inspire Advisors LLC trimmed its stake in shares of Stride, Inc. (NYSE:LRN) by 14.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,267 shares of the company’s stock after selling 1,093 shares during the quarter. Inspire Advisors LLC’s holdings in Stride were worth $651,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LRN. Amalgamated Bank raised its position in shares of Stride by 1.9% during the third quarter. Amalgamated Bank now owns 12,528 shares of the company’s stock worth $1,069,000 after acquiring an additional 235 shares during the last quarter. Atria Investments Inc bought a new position in shares of Stride during the third quarter worth about $274,000. Crossmark Global Holdings Inc. raised its position in shares of Stride by 3.9% during the third quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock worth $274,000 after acquiring an additional 121 shares during the last quarter. Entropy Technologies LP acquired a new stake in Stride during the third quarter worth approximately $442,000. Finally, GSA Capital Partners LLP acquired a new stake in Stride during the third quarter worth approximately $513,000. 98.24% of the stock is currently owned by institutional investors.

Stride Trading Down 1.2 %

Shares of Stride stock opened at $119.34 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. Stride, Inc. has a 52 week low of $56.17 and a 52 week high of $145.00. The stock has a 50 day moving average price of $126.17 and a two-hundred day moving average price of $103.68. The stock has a market capitalization of $5.20 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46.

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 return on equity of 22.42% and a net margin of 12.30%. As a group, equities analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Canaccord Genuity Group raised their target price on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets raised their target price on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Barrington Research raised their target price on Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley raised their target price on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Three investment 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 company has an average rating of “Moderate Buy” and an average price target of $119.33.

Stride Company 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.