4,711 Shares in Stride, Inc. (NYSE:LRN) Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. purchased a new position in shares of Stride, Inc. (NYSE:LRN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,711 shares of the company’s stock, valued at approximately $280,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. boosted its position in Stride by 348.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock valued at $26,000 after buying an additional 449 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in Stride in the 4th quarter valued at about $29,000. UBS Group AG purchased a new position in Stride in the 2nd quarter valued at about $30,000. McIlrath & Eck LLC purchased a new position in Stride in the 3rd quarter valued at about $31,000. Finally, Tower Research Capital LLC TRC boosted its position in Stride by 51.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,015 shares of the company’s stock valued at $40,000 after buying an additional 346 shares during the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wedbush reaffirmed an “outperform” rating on shares of Stride in a research report on Wednesday, January 24th. StockNews.com raised shares of Stride from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. Barrington Research increased their price target on shares of Stride from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. BMO Capital Markets increased their price target on shares of Stride from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Citigroup increased their price objective on shares of Stride from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.75.

Stride Trading Down 1.2 %

Stride stock opened at $58.42 on Tuesday. The stock has a market capitalization of $2.53 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.69 and a beta of 0.26. Stride, Inc. has a 12-month low of $35.61 and a 12-month high of $69.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.52 and a quick ratio of 4.44. The firm has a 50 day simple moving average of $60.59 and a 200-day simple moving average of $57.72.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.23. Stride had a net margin of 8.80% and a return on equity of 17.77%. The firm had revenue of $504.87 million during the quarter, compared to analyst estimates of $498.05 million. During the same quarter last year, the business posted $1.19 EPS. The company’s revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts expect that Stride, Inc. will post 4.31 EPS for the current fiscal year.

About Stride

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.