Nerdy, Inc. (NYSE:NRDY – Get Free Report) Director Abigail Blunt purchased 49,045 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of $0.91 per share, for a total transaction of $44,630.95. Following the acquisition, the director now owns 50,045 shares in the company, valued at $45,540.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Nerdy Stock Performance
Shares of NYSE NRDY opened at $0.97 on Friday. The firm has a market cap of $172.26 million, a P/E ratio of -3.46 and a beta of 1.68. The stock has a fifty day moving average price of $1.31 and a two-hundred day moving average price of $1.98. Nerdy, Inc. has a 1 year low of $0.73 and a 1 year high of $4.28.
Nerdy (NYSE:NRDY – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.04. The company had revenue of $50.98 million for the quarter, compared to analysts’ expectations of $51.14 million. Nerdy had a negative net margin of 17.23% and a negative return on equity of 41.05%. During the same quarter in the previous year, the company posted ($0.07) EPS. On average, research analysts predict that Nerdy, Inc. will post -0.48 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nerdy
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on NRDY. Canaccord Genuity Group reaffirmed a “hold” rating and set a $3.00 price target (down from $5.00) on shares of Nerdy in a research report on Friday, August 9th. Needham & Company LLC dropped their price objective on shares of Nerdy from $4.00 to $2.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered Nerdy from an “overweight” rating to a “neutral” rating in a research report on Friday, August 9th. Northland Capmk cut Nerdy from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Barclays decreased their price objective on Nerdy from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Eight equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Nerdy currently has an average rating of “Hold” and a consensus price target of $3.58.
View Our Latest Stock Report on Nerdy
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.
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