Nerdy Inc. (NYSE:NRDY) Given Average Recommendation of "Hold" by Analysts

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.

Shares of Nerdy Inc. (NYSE:NRDY - Get Free Report) have received an average recommendation of "Hold" from the six analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $1.75.

NRDY has been the subject of several analyst reports. Wall Street Zen raised shares of Nerdy from a "sell" rating to a "hold" rating in a report on Saturday. Cantor Fitzgerald cut their price objective on shares of Nerdy from $1.75 to $1.50 and set a "neutral" rating for the company in a report on Friday.

Nerdy Price Performance

Shares of Nerdy stock traded down $0.01 on Friday, reaching $1.27. 72,928 shares of the company traded hands, compared to its average volume of 795,367. Nerdy has a 52 week low of $0.74 and a 52 week high of $2.18. The company has a 50 day moving average of $1.61 and a 200 day moving average of $1.62. The firm has a market capitalization of $230.80 million, a PE ratio of -3.24 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 for the quarter, beating analysts' consensus estimates of ($0.10) by $0.03. Nerdy had a negative net margin of 24.91% and a negative return on equity of 77.11%. The firm had revenue of $45.26 million during the quarter, compared to the consensus estimate of $46.60 million. As a group, analysts anticipate that Nerdy will post -0.43 earnings per share for the current year.

Insider Activity at Nerdy

In other Nerdy news, CFO Jason H. Pello sold 29,530 shares of the stock in a transaction that occurred on 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 directly owned 1,930,604 shares in the company, valued at $3,108,272.44. This represents a 1.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher C. Swenson sold 17,718 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $1.61, for a total transaction of $28,525.98. Following the completion of the sale, the insider owned 1,594,670 shares in the company, valued at $2,567,418.70. This represents a 1.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 177,556 shares of company stock worth $293,684 over the last quarter. Corporate insiders own 50.94% of the company's stock.

Institutional Trading of Nerdy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Voya Investment Management LLC purchased a new stake in Nerdy in the 1st quarter worth approximately $30,000. Strs Ohio purchased a new stake in Nerdy in the 1st quarter worth approximately $56,000. AQR Capital Management LLC lifted its stake in Nerdy by 67.9% in the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company's stock worth $53,000 after purchasing an additional 15,234 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Nerdy during the 1st quarter valued at $508,000. Finally, XTX Topco Ltd purchased a new stake in shares of Nerdy during the 1st quarter valued at $188,000. 39.10% of the stock is currently owned by hedge funds and other institutional investors.

About Nerdy

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.