Nerdy Inc. (NYSE:NRDY) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Nerdy Inc. has received a consensus rating of "Hold" from analysts, with one sell, nine hold, and one buy recommendation.
• The company's stock price has fallen 17.7%, trading at $1.24, compared to its 12-month high of $2.18.
• Nerdy reported earnings of ($0.09) per share, beating estimates, and revenue of $47.60 million for the last quarter.

Nerdy Inc. (NYSE:NRDY - Get Free Report) has earned an average recommendation of "Hold" from the six brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $1.75.

NRDY has been the topic of several research reports. Wall Street Zen raised Nerdy from a "sell" rating to a "hold" rating in a research report on Saturday. Cantor Fitzgerald cut their price target on Nerdy from $1.75 to $1.50 and set a "neutral" rating on the stock in a research report on Friday, August 8th.

Insider Activity

In other news, insider Christopher C. Swenson sold 17,718 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $1.61, for a total transaction of $28,525.98. Following the sale, the insider directly owned 1,594,670 shares in the company, valued at $2,567,418.70. This trade represents a 1.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason H. Pello sold 29,530 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $1.61, for a total value of $47,543.30. Following the sale, the chief financial officer owned 1,930,604 shares in the company, valued at $3,108,272.44. This trade represents a 1.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 177,556 shares of company stock worth $293,684 over the last ninety days. 50.94% of the stock is owned by insiders.

Institutional Investors Weigh In On Nerdy

Institutional investors have recently modified their holdings of the business. Nuveen Asset Management LLC grew its position in shares of Nerdy by 99.5% during the 4th quarter. Nuveen Asset Management LLC now owns 410,523 shares of the company's stock valued at $665,000 after acquiring an additional 204,760 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Nerdy during the 1st quarter valued at about $649,000. Northern Trust Corp grew its position in shares of Nerdy by 12.2% during the 4th quarter. Northern Trust Corp now owns 684,590 shares of the company's stock valued at $1,109,000 after acquiring an additional 74,233 shares during the period. Soviero Asset Management LP acquired a new stake in shares of Nerdy during the 4th quarter valued at about $243,000. Finally, Wells Fargo & Company MN grew its position in shares of Nerdy by 56.2% during the 4th quarter. Wells Fargo & Company MN now owns 36,122 shares of the company's stock valued at $59,000 after acquiring an additional 13,000 shares during the period. 39.10% of the stock is currently owned by institutional investors and hedge funds.

Nerdy Stock Performance

Shares of NYSE NRDY traded up $0.01 during mid-day trading on Friday, hitting $1.31. The stock had a trading volume of 78,588 shares, compared to its average volume of 793,905. The company has a 50 day moving average of $1.60 and a two-hundred day moving average of $1.61. Nerdy has a twelve month low of $0.75 and a twelve month high of $2.18. The firm has a market cap of $238.10 million, a PE ratio of -3.35 and a beta of 1.87.

Nerdy (NYSE:NRDY - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03. Nerdy had a negative return on equity of 77.11% and a negative net margin of 24.91%. The firm had revenue of $45.26 million for the quarter, compared to the consensus estimate of $46.60 million. Equities research analysts predict that Nerdy will post -0.43 EPS for the current fiscal 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.