Nerdy (NYSE:NRDY) Stock Moved Up to "Hold" by Wall Street Zen

Key Points

• Wall Street Zen upgraded Nerdy from “Sell” to “Hold,” while Weiss Ratings maintained a “Sell” rating. The stock has an overall MarketBeat consensus rating of “Reduce” with a $15.00 target price.
• Nerdy shares opened at $6.15, near the lower end of their 52-week range of $5.48 to $22.35. The company has a market capitalization of $78.6 million and remains unprofitable, with a negative P/E ratio and projected full-year EPS of -$2.55.
• In its latest quarter, Nerdy reported a loss of $0.04 per share, beating estimates for a $0.75 loss, while revenue of $43.23 million slightly exceeded expectations.

Nerdy (NYSE:NRDY - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Nerdy in a report on Thursday, October 15th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $15.00.

Nerdy Price Performance

Shares of NRDY opened at $6.15 on Friday. Nerdy has a fifty-two week low of $5.48 and a fifty-two week high of $22.35. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.70 and a current ratio of 2.70. The company has a market capitalization of $78.60 million, a P/E ratio of -1.64 and a beta of 1.79. The business's 50-day moving average is $8.42 and its two-hundred day moving average is $11.38.

Nerdy (NYSE:NRDY - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.75) by $0.71. The company had revenue of $43.23 million for the quarter, compared to analyst estimates of $43.00 million. Nerdy had a negative net margin of 16.99% and a negative return on equity of 100.13%. Research analysts predict that Nerdy will post -2.55 earnings per share for the current year.

Nerdy Company Profile

Nerdy, Inc operates an online learning platform through its flagship brand, Varsity Tutors. The company connects students and families with instructors and provides live, technology-enabled academic support across a range of subjects and grade levels.

Its offerings include one-on-one tutoring, small-group classes, test preparation, homework help, enrichment programs and instruction for professional or vocational skills. The platform is designed to support learners from elementary school through college and adulthood, with services delivered through online classrooms and other digital tools.

Founded in 2007, Nerdy is headquartered in St.

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