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Stride (LRN) Investor Lawsuit Claims Company Misled Investors About "Ghost Students" and Poor Customer Experience - Hagens Berman
Prnewswire· 2025-12-03 20:07
Core Viewpoint - The article highlights a securities fraud class action lawsuit against Stride, Inc. (NYSE: LRN), alleging that the company misled investors about its operational health and compliance, leading to a significant stock decline of over 54% following negative disclosures [1]. Group 1: Lawsuit Details - The lawsuit is being led by investor rights law firm Hagens Berman, which is reminding investors of the deadline to apply for lead plaintiff status by January 12, 2026 [1]. - Stride, Inc. is identified as one of the largest providers of online educational services in the United States [1]. Group 2: Financial Impact - The stock of Stride, Inc. experienced a crash of over 54% as a result of the alleged misleading information regarding the company's operational health [1].
SHAREHOLDER ALERT: Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Stride, Inc. (NYSE: LRN)
Globenewswire· 2025-12-03 17:45
Core Viewpoint - A class action complaint has been filed against Stride, Inc. and certain senior officers for alleged violations of the Securities Exchange Act of 1934, specifically regarding misrepresentations about the company's enrollment numbers during the period from October 22, 2024, to October 28, 2025 [1][3]. Group 1 - The complaint was filed in the United States District Court for the Eastern District of Virginia on behalf of investors who purchased or acquired Stride securities during the specified period [1]. - The allegations include misrepresentations made by the defendants concerning Stride's enrollment numbers [3]. Group 2 - Investors interested in participating in the class action must file papers by January 12, 2026, to serve as lead plaintiff, although participation in any recovery does not require serving in this role [4]. - All legal representation is on a contingency fee basis, meaning shareholders will not incur any fees or expenses [4]. Group 3 - Bernstein Liebhard LLP has a history of recovering over $3.5 billion for clients and has represented both individual investors and large public and private pension funds [5]. - The firm has been recognized for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for sixteen consecutive years [5].
Stride: Financials Still Strong, But Too Many Question Marks (NYSE:LRN)
Seeking Alpha· 2025-12-03 14:32
Well, I certainly need to own up to a “so far” missed rating on Stride ( LRN) , back in June. I gave the educational platform company a buy rating, that has since resulted in aI am an investment author with passion for finance and global markets. I enjoy gearing toward economic analysis, specifically on a macro level. Through current and forward looking market trends, fundamental and technical analysis, my goal is to provide investors and readers with the tools and knowledge to make informed and confident i ...
LRN NEWS: Stride, Inc. Sued for Securities Fraud after Stock Plummets 50% -- Investors Notified to Contact BFA Law by January 12 Deadline
Globenewswire· 2025-12-03 12:47
Core Points - A class action lawsuit has been filed against Stride, Inc. and its senior executives for securities fraud following significant stock drops due to potential violations of federal securities laws [1][2] - Investors have until January 12, 2026, to seek appointment as lead plaintiffs in the case, which is pending in the U.S. District Court for the Eastern District of Virginia [2] Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3] - The company previously claimed to experience "increasing growth" and "in-year strength in demand" for its products and services [3] Allegations - The lawsuit alleges 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] - Stride's admission of poor customer experience resulted in an estimated 10,000-15,000 fewer enrollments, leading to a muted outlook compared to previous years [5] Stock Performance - Following the fraud allegations reported on September 14, 2025, Stride's stock dropped by $18.60, or over 11%, from $158.36 to $139.76 per share [4] - After Stride's admission of poor customer experience on October 28, 2025, the stock plummeted by $83.48, or more than 54%, from $153.53 to $70.05 per share [5]
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Stride, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - LRN
Newsfile· 2025-12-03 04:17
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Stride, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][3]. Group 1: Class Action Details - Investors who purchased Stride securities between October 22, 2024, and October 28, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by January 12, 2026 [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, highlighting its own achievements, including the largest securities class action settlement against a Chinese company [4]. - The firm has consistently ranked highly in securities class action settlements, recovering hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Stride made misleading statements regarding its products and services, inflating enrollment numbers and cutting staff costs beyond statutory limits, which led to damages for investors when the truth was revealed [5].
LRN COURT ALERT: Stride, Inc. Investors are Notified the Compay has been Sued for Securities Fraud and are Notified to Contact BFA Law by January 12
Newsfile· 2025-12-02 20:33
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 [2][4]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [5]. Allegations and Impact - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students" and ignored compliance requirements, leading to a poor customer experience and higher withdrawal rates [5][6]. - Stride's stock dropped by $18.60 (over 11%) on September 15, 2025, following the announcement of the fraud complaint, and further plummeted by $83.48 (over 54%) on October 29, 2025, after admitting to poor customer experiences that resulted in 10,000-15,000 fewer enrollments [6][7]. 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 [4]. - The lawsuit is filed under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [4]. Investor Actions - Investors are encouraged to seek additional information and may have legal options available to them [3][9].
Will Stride's Platform Pains Delay Its Long-Term 2028 Targets?
ZACKS· 2025-12-02 16:01
Core Insights - Stride, Inc. (LRN) is experiencing a significant transition due to technical issues with new technology platforms, leading to lower-than-expected enrollment and a revised guidance for fiscal 2026 [1][2] - The company anticipates a reduction of approximately 10,000-15,000 enrollments for the fiscal year, impacting growth prospects [1][8] Financial Projections - For fiscal 2028, Stride targets revenues between $2.7 billion and $3.3 billion, with a 10% compound annual growth rate (CAGR) at the midpoint [2] - Adjusted operating income is projected to be between $415 million and $585 million, reflecting a 20% CAGR at the midpoint [2] - Earnings per share (EPS) is expected to range from $6.15 to $8.35, also indicating a 20% CAGR at the midpoint [2] Market Position and Competition - Stride's stock has declined by 12.6% over the past month, underperforming compared to the Zacks Schools industry and the broader market [5] - Competitors such as Strategic Education, Inc. (STRA) and American Public Education, Inc. (APEI) have seen their shares increase by 4.5% and 7.7%, respectively, indicating strong competition in the career learning and K-12 services sector [6] Long-term Outlook - Despite short-term challenges, Stride's strategic focus on Career Learning, Adult Learning expansion, and AI integration positions it well for future growth [4][3] - The company is investing heavily in career-focused programs, which aligns with the structural shift in U.S. education towards skills-based pathways [3] Valuation Metrics - LRN is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 7.28, which is significantly lower than its competitors, STRA and APEI, with P/E ratios of 12.15 and 16.57, respectively [9][11] - Recent earnings estimates for fiscal 2026 and 2027 have been revised downward, reflecting ongoing operational challenges, but still imply year-over-year growth of 3.6% and 6.2%, respectively [12][13]
Shareholders that lost money on Stride, Inc.(LRN) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
Globenewswire· 2025-12-01 21:17
NEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Stride, Inc. ("Stride" or the "Company") (NYSE: LRN) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Stride investors who were adversely affected by alleged securities fraud between October 22, 2024 and October 28, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/stride-inc-lawsuit-submission-form ...
LRN Investors are Encouraged to Contact Robbins LLP for Information About the Lead Plaintiff Deadline in the Securities Class Action Against Stride, Inc.
Prnewswire· 2025-12-01 21:01
What is the class period? October 22, 2024 - October 28, 2025 What is the case about? Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Stride during the class period because the Company allegedly misled investors regarding its fraudulent and deceptive business practices.  For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. What are the allegations? According to the compla ...
LRN SHAREHOLDERS: Stride, Inc. Investors with Losses may have been Misled by the Company and are Urged to Contact BFA Law by January 12
Newsfile· 2025-12-01 20:18
Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, alleging that the company misled investors about its business performance, leading to significant stock price drops [1][3]. Company Overview - Stride, Inc. is an education technology company that provides an online platform to students across the U.S. [4]. Allegations of Fraud - 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 that resulted in higher withdrawal rates and lower conversion rates [4][5]. Stock Price Impact - Following the allegations, Stride's stock dropped by $18.60 per share (over 11%) from $158.36 on September 12, 2025, to $139.76 on September 15, 2025 [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 (over 54%) from $153.53 to $70.05 on October 29, 2025 [6]. Legal Proceedings - Investors have until January 12, 2026, to request to be appointed to lead the case in the U.S. District Court for the Eastern District of Virginia [3]. - The lawsuit is filed under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. Investor Actions - Investors in Stride are encouraged to seek legal options and submit their information to the law firm handling the case [2][7].