Stride (LRN)

• Market cap: $5.08B
• 1 day: 2.08%
• 5 days: 5.59%
• 1 month: 11.23%
• 3 months: 80.35%
• 6 months: 65.00%
• Year to date: 9.59%
• 1 year: 87.70%
• 5 years: 472.68%
• 10 years: 920.49%
• 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

38% more repeat investments, than reductions

Existing positions increased: 138 | Existing positions reduced: 100

22% more capital invested

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

11% more funds holding

Funds holding: 324 [Q2] → 360 (+36) [Q3]

1.18% more ownership

Funds ownership: 110.11% [Q2] → 111.29% (+1.18%) [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 24% downside
• Avg. target: $104 11% downside
• High target: $130 12% upside

5 analyst ratings

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

Barrington Research Alexander Paris 75% 1-year accuracy 84 / 112 met price target	12% upside $130	Outperform Maintained	17 Jan 2025
Morgan Stanley Greg Parrish 0 / 0 met price target	6% downside $109	Equal-Weight Maintained	12 Dec 2024
Citigroup Thomas Singlehurst 100% 1-year accuracy 2 / 2 met price target	19% downside $94	Neutral Maintained	29 Oct 2024
BMO Capital Jeffrey Silber 53% 1-year accuracy 19 / 36 met price target	24% downside $88	Outperform Maintained	24 Oct 2024
Canaccord Genuity Jason Tilchen 100% 1-year accuracy 4 / 4 met price target	14% downside $100	Buy Maintained	23 Oct 2024