Kennedy Capital Management LLC Has $11.51 Million Stock Position in Stride, Inc. $LRN

Kennedy Capital Management LLC lifted its holdings in shares of Stride, Inc. (NYSE:LRN) by 122.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,195 shares of the company’s stock after purchasing an additional 97,578 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.42% of Stride worth $11,505,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Stride during the 2nd quarter worth $25,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Stride by 78.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after purchasing an additional 85 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of Stride during the 4th quarter worth $35,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Stride by 482.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 617 shares of the company’s stock worth $40,000 after purchasing an additional 511 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Stride by 62.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock worth $43,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Stride in a research note on Friday, April 10th. BMO Capital Markets reiterated a “market perform” rating on shares of Stride in a research note on Tuesday, March 3rd. Finally, Barrington Research reiterated an “outperform” rating and issued a $125.00 target price on shares of Stride in a research note on Thursday, April 16th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $109.75.

Stride Price Performance

NYSE:LRN opened at $97.11 on Monday. The company has a 50-day moving average of $93.47 and a 200-day moving average of $82.14. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 0.60 and a beta of 0.10. Stride, Inc. has a 52 week low of $60.61 and a 52 week high of $171.17. 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 (NYSE:LRN) last released its quarterly earnings data on Tuesday, April 28th. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.09. The company had revenue of $629.87 million during the quarter, compared to the consensus estimate of $629.69 million. Stride had a net margin of 12.15% and a return on equity of 25.20%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $2.02 EPS. As a group, equities research analysts anticipate that Stride, Inc. will post 8.21 earnings per share for the current fiscal year.

About Stride

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.