Stride (LRN)

• Market cap: $4.76B
• 1 day: -0.21%
• 5 days: 2.39%
• 1 month: 0.30%
• 3 months: 53.19%
• 6 months: 55.63%
• Year to date: 2.76%
• 1 year: 84.76%
• 5 years: 440.94%
• 10 years: 925.05%
• Sector: Consumer Discretionary
• Industry: Educational Services

About: Stride Inc is an American online educational company. It offers alternative programs to traditional on-campus schooling. It also operates state-funded virtual charter schools around the United States. The educational programs for K-12 students are usually monitored by parents and provide virtual classroom environments where teachers meet with students online, by phone, or in-person. The company's contractual agreements with various school districts to offer its curriculum programs provide a majority of the company's revenue. The company lines of business are Managed Public School Programs, Institutional, and Private Pay Schools and Other.

Employees: 7,800

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

106% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 36

39% more repeat investments, than reductions

Existing positions increased: 138 | Existing positions reduced: 99

22% more capital invested

Capital invested by funds: $3.36B [Q2] → $4.11B (+$750M) [Q3]

11% more funds holding

Funds holding: 324 [Q2] → 359 (+35) [Q3]

1.17% more ownership

Funds ownership: 110.11% [Q2] → 111.27% (+1.17%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]

72% less call options, than puts

Call options by funds: $33.3M | Put options by funds: $120M

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $88 19% downside
• Avg. target: $98 10% downside
• High target: $109 0% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Morgan Stanley Greg Parrish 0 / 0 met price target	0% downside $109	Equal-Weight Maintained	12 Dec 2024
Citigroup Thomas Singlehurst 100% 1-year accuracy 2 / 2 met price target	14% downside $94	Neutral Maintained	29 Oct 2024
BMO Capital Jeffrey Silber 40% 1-year accuracy 14 / 35 met price target	19% downside $88	Outperform Maintained	24 Oct 2024
Barrington Research Alexander Paris 73% 1-year accuracy 80 / 109 met price target	8% downside $100	Outperform Maintained	23 Oct 2024
Canaccord Genuity Jason Tilchen 100% 1-year accuracy 4 / 4 met price target	8% downside $100	Buy Maintained	23 Oct 2024