Workflow
Stride(LRN)
icon
Search documents
STRIDE NOTICE: Stride, Inc. (LRN) Investors are Notified of Securities Fraud Class Action and to Contact BFA Law by January 12
Newsfile· 2025-12-12 13:36
Core Viewpoint - Stride, Inc. is facing a class action lawsuit for securities fraud, which has led to significant stock price drops due to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - A class action lawsuit has been filed against Stride, Inc. and certain senior executives for securities fraud, with investors encouraged to contact BFA Law by January 12, 2026 [1][3]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and is pending in the U.S. District Court for the Eastern District of Virginia [3]. Group 2: Allegations Against Stride - Stride is accused of inflating enrollment numbers by retaining "ghost students" to secure state funding, ignoring compliance requirements, and providing a poor customer experience that led to higher withdrawal rates and lower conversion rates [4][5]. - The company had previously claimed to be experiencing growth and strong demand for its products, which is now being challenged by the allegations [4]. Group 3: Stock Price Impact - Following the fraud allegations reported on September 14, 2025, Stride's stock dropped by $18.60 per share, or over 11%, from $158.36 to $139.76 [5]. - On October 28, 2025, Stride admitted to issues with customer experience, leading to an estimated 10,000-15,000 fewer enrollments, which caused the stock to plummet by $83.48 per share, or more than 54%, from $153.53 to $70.05 [6].
Top 3 Consumer Stocks That May Rocket Higher In Q4
Benzinga· 2025-12-12 11:15
Core Insights - The consumer discretionary sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1] Group 1: Oversold Stocks - Stride Inc (NYSE:LRN) has an RSI of 29.8, with a stock price decline of approximately 55% over the past six months, closing at $63.41 [5] - Oxford Industries Inc (NYSE:OXM) has an RSI of 24.6, with a recent stock price drop of 21% over five days, closing at $31.86 [5] - Coupang Inc (NYSE:CPNG) has an RSI of 28.6, with a stock price decrease of around 10% over the past month, closing at $25.86 [5] Group 2: Company Performance and Guidance - Stride authorized a $500 million stock repurchase program, indicating confidence despite recent stock performance [5] - Oxford Industries reported third-quarter results that met expectations but issued fourth-quarter guidance below estimates, reflecting a competitive market [5] - Coupang's CEO resigned following a data breach, contributing to the stock's recent decline [5]
Top 3 Consumer Stocks That May Rocket Higher In Q4 - Coupang (NYSE:CPNG), Stride (NYSE:LRN)
Benzinga· 2025-12-12 11:15
Core Insights - The consumer discretionary sector has several oversold stocks that present potential buying opportunities for undervalued companies [1] Group 1: Oversold Stocks - Stride Inc (NYSE:LRN) has an RSI of 29.8, with a stock price decline of approximately 55% over the past six months and a 52-week low of $60.61 [5] - Oxford Industries Inc (NYSE:OXM) has an RSI of 24.6, with a stock price drop of around 21% in the last five days and a 52-week low of $30.57 [5] - Coupang Inc (NYSE:CPNG) has an RSI of 28.6, with a stock price decrease of about 10% over the past month and a 52-week low of $19.02 [5]
The Gross Law Firm Notifies Shareholders of Stride, Inc.(LRN) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-12-11 14:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Stride, Inc. regarding a class action lawsuit due to allegations of misleading practices that inflated enrollment numbers and violated compliance requirements [1][2]. Group 1: Allegations Against Stride, Inc. - Stride, Inc. is accused of inflating enrollment numbers by retaining "ghost students" [1] - The company allegedly cut staffing costs by assigning teachers caseloads beyond statutory limits [1] - Stride is claimed to have ignored compliance requirements, including background checks and licensure laws for employees, as well as federally mandated special education services [1] - The firm is also accused of suppressing whistleblowers who reported financial directives aimed at delaying hiring and denying services to maintain profit margins [1] - Allegations include losing existing and potential enrollments due to these practices [1] Group 2: Class Action Details - The class period for the lawsuit is from October 22, 2024, to October 28, 2025 [1] - Shareholders are encouraged to register for the class action by January 12, 2026, to potentially become lead plaintiffs [2] - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2] Group 3: Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3] - The firm aims to ensure companies adhere to responsible business practices and good corporate citizenship [3] - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that led to artificial inflation of stock prices [3]
LRN INVESTOR NOTICE: Stride, Inc. Stock Dropped 50% on Upgrade Issues; Contact BFA Law about the Pending Securities Class Action
Globenewswire· 2025-12-11 13:11
Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock drops attributed to alleged violations of federal securities laws [1][2]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3]. Allegations - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students," failed to comply with employee background checks and licensure laws, and provided a poor customer experience leading to higher withdrawal rates and lower conversion rates [3][4]. Stock Performance - On September 14, 2025, Stride's stock dropped by $18.60, or over 11%, from $158.36 to $139.76 per share following the fraud allegations [4]. - On October 28, 2025, Stride admitted to issues with customer experience, resulting in an estimated 10,000-15,000 fewer enrollments, causing the stock to plummet by $83.48, or more than 54%, from $153.53 to $70.05 per share [5]. Legal Proceedings - Investors have until January 12, 2026, to request to lead the case in the U.S. District Court for the Eastern District of Virginia [2].
ROSEN, LEADING INVESTOR COUNSEL, Encourages Stride, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - LRN
Newsfile· 2025-12-10 22:19
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Stride, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on January 12, 2026 [1]. Group 1: Class Action Details - Investors who bought Stride securities between October 22, 2024, and October 28, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The lead plaintiff must file a motion with the Court by January 12, 2026, to represent other class members in the litigation [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company and has consistently ranked highly in securities class action settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [4]. Group 3: Case Allegations - The lawsuit alleges that Stride made misleading statements regarding its products and services, inflating enrollment numbers and cutting staff costs beyond statutory limits [5]. - Stride's misrepresentation led to damages for investors when the true situation was revealed [5].
Could Stride's Free Tutoring Initiative be Its Next Brand Win?
ZACKS· 2025-12-10 17:35
Core Insights - Stride, Inc. (LRN) has rebranded its tutoring services to K12 Tutoring, offering personalized online tutoring to school students since 2022, with a focus on academic gains [1] - The company launched a free one-on-one ELA tutoring program for second and third graders, which has received positive feedback and is showing early signs of improving student engagement and performance [2][4] - Stride's integrated model of K-12 education, tutoring, and career learning provides a competitive edge over rivals like Chegg and Udemy, enhancing retention and satisfaction [3][7] Competitive Landscape - Stride competes with established players such as Chegg, Inc. and Udemy, Inc. in the digital learning space [5] - Chegg focuses on college students with a subscription model, while Udemy offers a marketplace for skills and career-oriented courses [6] - Stride's unique offering of comprehensive educational services under one platform positions it favorably against these competitors [7] Stock Performance and Valuation - LRN shares have decreased by 7% over the past month, underperforming compared to the Zacks Schools industry and the broader market [8] - The stock is currently trading at a forward P/E ratio of 7.19, indicating a discount relative to industry peers [11] - Despite recent downward revisions in earnings estimates for fiscal 2026 and 2027, the company is expected to see year-over-year improvements of 2% and 7.8%, respectively [12][15]
CLASS ACTION NOTICE: Berger Montague Advises Stride, Inc. (NYSE: LRN) Investors to Inquire About a Securities Fraud Class Action
Globenewswire· 2025-12-10 16:19
Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for allegedly misrepresenting its product performance and integrity, leading to investor losses during the specified Class Period [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Stride securities from October 22, 2024, to October 28, 2025 [1][2]. - Investors have until January 12, 2026, to seek appointment as lead plaintiff representatives [2]. - Allegations include overstating enrollment figures, reducing staff costs beyond legal limits, failing to meet compliance standards, and losing key enrollments [3]. Group 2: Company Background - Stride, Inc. is an education technology company based in Reston, Virginia, providing digital learning programs and instructional support to public and private schools [2]. - The company assured investors of its commitment to personalized learning while allegedly failing to deliver on these promises [3].
LRN NOTIFICATION: BFA Law Notifies Stride, Inc. Investors of the Pending Class Action Lawsuit and Upcoming January 12 Legal Deadline
Newsfile· 2025-12-10 12:17
Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock drops attributed to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Virginia, titled MacMahon v. Stride, Inc., et al., No. 1:25-cv-02019 [3]. - Investors have until January 12, 2026, to request to be appointed to lead the case [3]. Group 2: Allegations Against Stride - Stride is accused of inflating enrollment numbers by retaining "ghost students" and failing to comply with employee background checks and licensure laws [4][5]. - The company claimed to experience growth and high demand for its services, which is contradicted by the allegations of poor customer experience leading to higher withdrawal rates and lower conversion rates [4]. Group 3: Stock Performance Impact - On September 14, 2025, a report of the lawsuit caused Stride's stock to drop by $18.60 per share, over 11%, from $158.36 to $139.76 [5]. - Following Stride's admission of poor customer experience on October 28, 2025, the stock plummeted by $83.48 per share, more than 54%, from $153.53 to $70.05 [6].
LRN INVESTORS: Contact Kirby McInerney LLP About Securities Class Action Lawsuit On Behalf of Stride, Inc.
Globenewswire· 2025-12-10 01:00
Group 1 - The lawsuit against Stride, Inc. is based on allegations of misleading statements and omissions regarding the company's products and services, which affected investors who purchased securities between October 22, 2024, and October 28, 2025 [2] - Stride is accused of inflating enrollment numbers, cutting staff costs excessively, and ignoring compliance requirements, which misled investors about the company's performance [2] - A complaint filed by the Gallup-McKinley County Schools Board of Education alleged fraud and deceptive practices, leading to a significant drop in Stride's share price by approximately 11.7% following the news [3] Group 2 - On October 28, 2025, Stride reported that "poor customer experience" led to a decline in enrollments by an estimated 10,000-15,000 students, resulting in a 54.4% drop in share price [4] - The company's outlook was described as "muted" compared to previous years due to the impact of these issues on enrollment and conversion rates [4]