Stride (LRN)

• Market cap: $5.85B
• 1 day: -3.35%
• 5 days: -3.80%
• 1 month: 15.19%
• 3 months: 29.81%
• 6 months: 67.97%
• Year to date: 26.24%
• 1 year: 142.18%
• 5 years: 700.95%
• 10 years: 695.26%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

142% more first-time investments, than exits

New positions opened: 80 | Existing positions closed: 33

30% more capital invested

Capital invested by funds: $4.11B [Q3] → $5.33B (+$1.22B) [Q4]

25% more funds holding in top 10

Funds holding in top 10: 4 [Q3] → 5 (+1) [Q4]

15% more repeat investments, than reductions

Existing positions increased: 147 | Existing positions reduced: 128

9% more funds holding

Funds holding: 361 [Q3] → 393 (+32) [Q4]

0.44% less ownership

Funds ownership: 111.31% [Q3] → 110.87% (-0.44%) [Q4]

22% less call options, than puts

Call options by funds: $36M | Put options by funds: $46.1M

Research analyst outlook

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

• Low target: $109 19% downside
• Avg. target: $130 4% downside
• High target: $140 4% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

BMO Capital Jeffrey Silber 61% 1-year accuracy 23 / 38 met price target	0% downside $134	Outperform Maintained	30 Jan 2025
Barrington Research Alexander Paris 74% 1-year accuracy 89 / 121 met price target	4% upside $140	Outperform Maintained	29 Jan 2025
Canaccord Genuity Jason Tilchen 100% 1-year accuracy 7 / 7 met price target	1% upside $135	Buy Maintained	29 Jan 2025
Morgan Stanley Greg Parrish 0 / 0 met price target	19% downside $109	Equal-Weight Maintained	12 Dec 2024