Nerdy, Inc. (NYSE:NRDY) Receives Consensus Rating of "Hold" from Analysts

Shares of Nerdy, Inc. (NYSE:NRDY - Get Free Report) have received a consensus rating of "Hold" from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $2.31.

Separately, The Goldman Sachs Group lifted their target price on Nerdy from $1.00 to $1.50 and gave the company a "neutral" rating in a research report on Monday, March 3rd.

Insider Buying and Selling at Nerdy

In other news, CFO Jason H. Pello sold 75,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $1.51, for a total value of $113,250.00. Following the completion of the sale, the chief financial officer now directly owns 2,068,805 shares of the company's stock, valued at approximately $3,123,895.55. The trade was a 3.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher C. Swenson sold 19,126 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $1.54, for a total value of $29,454.04. Following the completion of the sale, the insider now owns 1,665,902 shares of the company's stock, valued at approximately $2,565,489.08. This represents a 1.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 256,311 shares of company stock worth $409,409 over the last three months. Insiders own 50.94% of the company's stock.

Hedge Funds Weigh In On Nerdy

Several institutional investors have recently bought and sold shares of NRDY. Charles Schwab Investment Management Inc. boosted its holdings in shares of Nerdy by 33.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 230,538 shares of the company's stock valued at $373,000 after acquiring an additional 57,846 shares in the last quarter. Barclays PLC lifted its holdings in Nerdy by 330.4% in the third quarter. Barclays PLC now owns 103,960 shares of the company's stock valued at $102,000 after acquiring an additional 79,808 shares during the period. Quantbot Technologies LP grew its stake in shares of Nerdy by 14,175.0% during the 4th quarter. Quantbot Technologies LP now owns 28,550 shares of the company's stock worth $46,000 after purchasing an additional 28,350 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Nerdy by 56.2% in the 4th quarter. Wells Fargo & Company MN now owns 36,122 shares of the company's stock valued at $59,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Soviero Asset Management LP purchased a new position in shares of Nerdy in the 4th quarter valued at about $243,000. 39.10% of the stock is owned by institutional investors and hedge funds.

Nerdy Price Performance

NRDY stock traded up $0.04 during trading on Friday, hitting $1.59. The stock had a trading volume of 64,430 shares, compared to its average volume of 1,686,690. Nerdy has a twelve month low of $0.73 and a twelve month high of $2.18. The company's 50-day moving average price is $1.54 and its two-hundred day moving average price is $1.56. The stock has a market capitalization of $289.18 million, a P/E ratio of -4.66 and a beta of 1.92.

Nerdy (NYSE:NRDY - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.05. Nerdy had a negative net margin of 19.31% and a negative return on equity of 47.45%. The firm had revenue of $47.60 million during the quarter, compared to analyst estimates of $46.22 million. As a group, sell-side analysts expect 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.