Nerdy, Inc. (NYSE:NRDY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Nerdy, Inc. (NYSE:NRDY) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $4.82.

Several research firms have recently commented on NRDY. Needham & Company LLC reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Nerdy in a report on Friday, May 17th. The Goldman Sachs Group increased their price target on shares of Nerdy from $3.25 to $3.75 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Nerdy in a report on Monday, March 11th. They set an “overweight” rating and a $5.00 price target on the stock.

Insider Buying and Selling at Nerdy

In other news, insider Christopher C. Swenson sold 30,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $2.53, for a total value of $75,900.00. Following the completion of the sale, the insider now directly owns 1,203,248 shares in the company, valued at $3,044,217.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Jason H. Pello sold 37,360 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $2.07, for a total value of $77,335.20. Following the completion of the transaction, the chief financial officer now owns 2,438,689 shares of the company’s stock, valued at $5,048,086.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher C. Swenson sold 30,000 shares of Nerdy stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $2.53, for a total transaction of $75,900.00. Following the completion of the transaction, the insider now owns 1,203,248 shares of the company’s stock, valued at approximately $3,044,217.44. The disclosure for this sale can be found here. Insiders have purchased a total of 1,200,275 shares of company stock valued at $2,131,511 over the last ninety days. Corporate insiders own 31.35% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NRDY. Aigen Investment Management LP acquired a new stake in Nerdy during the third quarter worth approximately $59,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Nerdy by 24.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 600,000 shares of the company’s stock worth $2,220,000 after purchasing an additional 116,700 shares in the last quarter. PEAK6 Investments LLC acquired a new stake in Nerdy during the third quarter worth approximately $56,000. Numerai GP LLC acquired a new stake in Nerdy during the third quarter worth approximately $231,000. Finally, S Squared Technology LLC acquired a new stake in Nerdy during the third quarter worth approximately $111,000. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Nerdy Price Performance

NRDY stock opened at $1.66 on Friday. The firm’s fifty day simple moving average is $2.03 and its 200-day simple moving average is $2.70. The company has a market capitalization of $290.78 million, a P/E ratio of -5.91 and a beta of 1.74. Nerdy has a 12 month low of $1.47 and a 12 month high of $5.37.

Nerdy (NYSE:NRDY) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.04. The business had revenue of $53.73 million for the quarter, compared to the consensus estimate of $52.20 million. Nerdy had a negative net margin of 14.49% and a negative return on equity of 41.24%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.12) EPS. As a group, sell-side analysts forecast that Nerdy will post -0.31 earnings per share for the current year.

Nerdy Company Profile

Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including artificial intelligence to connect students, users, parents, guardians, and purchasers of various ages to tutors, instructors, subject matter experts, educators, and other professionals, delivering value on both sides of the network.