Retirement Guys Formula LLC Lowers Holdings in Stride, Inc. (NYSE:LRN)

Retirement Guys Formula LLC decreased its holdings in Stride, Inc. (NYSE:LRN) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,260 shares of the company’s stock after selling 115 shares during the quarter. Retirement Guys Formula LLC’s holdings in Stride were worth $235,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in Stride in the second quarter valued at approximately $534,000. B. Riley Wealth Advisors Inc. acquired a new stake in Stride in the third quarter valued at approximately $430,000. Robeco Institutional Asset Management B.V. acquired a new stake in Stride in the fourth quarter valued at approximately $340,000. Quest Partners LLC raised its holdings in Stride by 20,248.8% in the third quarter. Quest Partners LLC now owns 8,343 shares of the company’s stock valued at $712,000 after acquiring an additional 8,302 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Stride by 8,431.7% in the third quarter. International Assets Investment Management LLC now owns 5,119 shares of the company’s stock valued at $437,000 after acquiring an additional 5,059 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Wall Street Analysts Forecast Growth

LRN has been the topic of a number of research analyst reports. BMO Capital Markets raised their price objective on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Morgan Stanley raised their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. StockNews.com cut shares of Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group raised their price objective on shares of Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Barrington Research raised their price objective on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

Stride Stock Performance

Shares of Stride stock opened at $139.01 on Wednesday. The firm’s fifty day simple moving average is $115.00 and its 200-day simple moving average is $95.94. Stride, Inc. has a 12 month low of $54.81 and a 12 month high of $145.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.04 and a beta of 0.32.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share 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.

Stride 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.