In yesterday’s Wall Street session, Nerdy Inc. (NYSE:NRDY) shares traded at $2.20, up 4.76% from the previous session.
As of this writing, 9 analysts cover Nerdy Inc. (NYSE:NRDY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $2.50, we find $4.00. Given the previous closing price of $2.10, this indicates a potential upside of 90.48 percent. NRDY stock price is now 2.50% away from the 50-day moving average and -22.45% away from the 200-day moving average. The market capitalization of the company currently stands at $355.67M.
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There are 2 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $4.33 as their price target over the next twelve months.
With the price target reduced from $8 to $3, Goldman Downgraded its rating from Buy to Neutral for Nerdy Inc. (NYSE: NRDY). On March 30, 2022, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $7, while ‘Needham’ rates the stock as ‘Buy’.
In other news, TPG GP A, LLC, Director sold 1,500,000 shares of the company’s stock on Dec 13. The stock was sold for $2,850,000 at an average price of $1.90. Upon completion of the transaction, the Director now directly owns 11,943,250 shares in the company, valued at $26.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21, Chief Executive Officer Cohn Charles K. bought 132,547 shares of the business’s stock. A total of $310,160 was incurred on buying the stock at an average price of $2.34. This leaves the insider owning 10,457,159 shares of the company worth $23.01 million. Insiders disposed of 5,232,326 shares of company stock worth roughly $11.51 million over the past 1 year. A total of 12.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NRDY stock. A new stake in Nerdy Inc. shares was purchased by HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND during the first quarter worth $1,320,000. GREENHAVEN ROAD INVESTMENT MANAGEMENT, L.P. invested $776,000 in shares of NRDY during the first quarter. In the first quarter, MYDA ADVISORS LLC acquired a new stake in Nerdy Inc. valued at approximately $154,000. BNP PARIBAS ARBITRAGE, SNC acquired a new stake in NRDY for approximately $71,000. MAROTTA ASSET MANAGEMENT purchased a new stake in NRDY valued at around $55,000 in the second quarter. In total, there are 108 active investors with 66.30% ownership of the company’s stock.
Thursday morning saw Nerdy Inc. (NYSE: NRDY) opened at $2.1000. During the past 12 months, Nerdy Inc. has had a low of $1.59 and a high of $5.61. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.10, and a quick ratio of 3.10. The fifty day moving average price for NRDY is $2.1464 and a two-hundred day moving average price translates $2.8367 for the stock.
The latest earnings results from Nerdy Inc. (NYSE: NRDY) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at -$0.07, beating analysts’ expectations of -$0.18 by 0.11. This compares to -$0.73 EPS in the same period last year. The net profit margin was -5.60% and return on equity was -18.50% for NRDY. The company reported revenue of $31.75 million for the quarter, compared to $31.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.45 percent. For the current quarter, analysts expect NRDY to generate $31.75M in revenue.
Nerdy Inc.(NRDY) Company Profile
Nerdy, Inc. operates platform for live online learning. The company’s purpose-built proprietary platform leverages technology, including AI, to connect learners of various ages to experts, delivering value on both sides of the network. Its learning destination provides learning experiences across various subjects and multiple formats, including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. The company’s flagship business, Varsity Tutors, operates platforms for live online tutoring and classes. Its solutions are available directly to learners, as well as through schools and other institutions. The company was founded in 2007 and is headquartered in Saint Louis, Missouri.
