Nerdy (NYSE:NRDY) Issues Earnings Results, Beats Estimates By $0.05 EPS

Nerdy (NYSE:NRDY) released its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.05, Zacks reports. Nerdy had a negative net margin of 19.31% and a negative return on equity of 47.45%. Nerdy updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Nerdy Stock Performance

Shares of NYSE:NRDY traded down $0.02 on Thursday, reaching $1.60. The company’s stock had a trading volume of 1,282,496 shares, compared to its average volume of 1,253,838. The company has a 50-day simple moving average of $1.75 and a 200 day simple moving average of $1.33. The company has a market cap of $287.70 million, a P/E ratio of -4.69 and a beta of 1.98. Nerdy has a 52-week low of $0.73 and a 52-week high of $3.28.

Wall Street Analysts Forecast Growth

NRDY has been the topic of several recent analyst reports. JPMorgan Chase & Co. downgraded shares of Nerdy from a “neutral” rating to an “underweight” rating in a research report on Monday, November 11th. Northland Securities decreased their price objective on shares of Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a research report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and set a $2.00 price objective on shares of Nerdy in a research report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Nerdy in a research report on Friday, November 8th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $1.00 price objective (down from $6.00) on shares of Nerdy in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nerdy presently has an average rating of “Hold” and a consensus target price of $2.86.

Insider Transactions at Nerdy

In other news, CEO Charles K. Cohn bought 426,758 shares of the stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price of $1.54 per share, for a total transaction of $657,207.32. Following the acquisition, the chief executive officer now owns 25,509,191 shares of the company’s stock, valued at $39,284,154.14. The trade was a 1.70 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher C. Swenson sold 58,220 shares of Nerdy stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $1.80, for a total transaction of $104,796.00. Following the sale, the insider now owns 1,685,028 shares of the company’s stock, valued at $3,033,050.40. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 3,066,387 shares of company stock worth $5,714,047 and sold 194,843 shares worth $344,177. Company insiders own 31.35% of the company’s stock.

Institutional Investors Weigh In On Nerdy

An institutional investor recently raised its position in Nerdy stock. Bank of America Corp DE boosted its stake in shares of Nerdy, Inc. (NYSE:NRDY) by 41.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,565 shares of the company’s stock after buying an additional 17,889 shares during the quarter. Bank of America Corp DE’s holdings in Nerdy were worth $98,000 as of its most recent SEC filing. 39.10% of the stock is owned by institutional investors and hedge funds.

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.