StrideLRN
Market Cap: $3.44B
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 Q2 SEC filings by fund managers ($100M+ AUM)
73% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 30
9% more capital invested
Capital invested by funds: $2.9B [Q1] → $3.17B (+$275M) [Q2]
7% more funds holding
Funds holding: 299 [Q1] → 321 (+22) [Q2]
1.97% less ownership
Funds ownership: 105.99% [Q1] → 104.02% (-1.97%) [Q2]
13% less repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 124
20% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]
80% less call options, than puts
Call options by funds: $24.5M | Put options by funds: $122M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Citigroup Thomas Singlehurst 100% 1-year accuracy 2 / 2 met price target | 13%upside $90 | Neutral Downgraded | 20 Aug 2024 |
Barrington Research Alexander Paris 72% 1-year accuracy 63 / 88 met price target | 13%upside $90 | Outperform Maintained | 8 Aug 2024 |
BMO Capital Jeffrey Silber 43% 1-year accuracy 12 / 28 met price target | 3%upside $82 | Outperform Maintained | 8 Aug 2024 |
Canaccord Genuity | 18%upside $94 | Buy Initiated | 8 Aug 2024 |
Barrington Research Alexander Paris 72% 1-year accuracy 63 / 88 met price target | 7%upside $85 | Outperform Maintained | 31 Jul 2024 |
Financial journalist opinion
Based on 14 articles about LRN published over the past 30 days