Inspire Advisors LLC Has $651,000 Stock Position in Stride, Inc. (NYSE:LRN)

Inspire Advisors LLC reduced its stake in shares of Stride, Inc. (NYSE:LRN) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Stride during the 4th quarter worth $37,000. Smartleaf Asset Management LLC grew its holdings in shares of Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after purchasing an additional 592 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Stride during the 4th quarter worth $165,000. Wolverine Asset Management LLC grew its holdings in shares of Stride by 11.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock worth $187,000 after purchasing an additional 183 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Stride by 11,953.3% during the 4th quarter. Assetmark Inc. now owns 1,808 shares of the company’s stock worth $188,000 after purchasing an additional 1,793 shares in the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Price Performance

Stride stock opened at $119.34 on Wednesday. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $5.20 billion, a PE ratio of 19.92, a P/E/G ratio of 1.04 and a beta of 0.46. Stride, Inc. has a 12 month low of $56.17 and a 12 month 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.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. Analysts expect that Stride, Inc. will post 6.67 EPS for the current year.

Analyst Ratings Changes

LRN has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. BMO Capital Markets upped their price objective on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Barrington Research upped their price objective on Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Canaccord Genuity Group upped their price objective on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday. 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, the company has a consensus rating of “Moderate Buy” and an average price target of $119.33.

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.