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

Key Points

• Nerdy Inc. has received a consensus recommendation of "Hold" from six brokerages, with one sell, four hold, and one buy rating.
• The average 12-month price target for the stock is $1.75, reflecting a recent downgrade from Cantor Fitzgerald, which lowered their price objective to $1.50.
• Recent insider sales include CFO Jason H. Pello, who sold 52,866 shares at an average price of $1.27, indicating a 2.74% reduction in their position.

Shares of Nerdy Inc. (NYSE:NRDY - Get Free Report) have received a consensus recommendation of "Hold" from the six research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $1.75.

Several research firms have recently commented on NRDY. Wall Street Zen upgraded Nerdy from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Cantor Fitzgerald reduced their target price on shares of Nerdy from $1.75 to $1.50 and set a "neutral" rating for the company in a research note on Friday, August 8th.

Nerdy Price Performance

Shares of Nerdy stock traded up $0.02 during trading hours on Tuesday, hitting $1.33. The company had a trading volume of 231,771 shares, compared to its average volume of 762,023. Nerdy has a twelve month low of $0.75 and a twelve month high of $2.18. The company has a market cap of $246.18 million, a P/E ratio of -3.40 and a beta of 1.86. The company's 50-day moving average is $1.49 and its two-hundred day moving average is $1.55.

Nerdy (NYSE:NRDY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. The company had revenue of $45.26 million for the quarter, compared to analyst estimates of $46.60 million. Nerdy had a negative return on equity of 77.11% and a negative net margin of 24.91%. Nerdy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Nerdy will post -0.43 EPS for the current year.

Insider Activity at Nerdy

In other Nerdy news, Director Abigail Blunt purchased 25,000 shares of Nerdy stock in a transaction dated Friday, August 29th. The stock was acquired at an average cost of $1.36 per share, with a total value of $34,000.00. Following the acquisition, the director directly owned 226,000 shares of the company's stock, valued at $307,360. This represents a 12.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason H. Pello sold 52,866 shares of Nerdy stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $1.27, for a total value of $67,139.82. Following the completion of the sale, the chief financial officer owned 1,877,738 shares in the company, valued at approximately $2,384,727.26. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,959 shares of company stock worth $191,272 over the last 90 days. Company insiders own 50.94% of the company's stock.

Institutional Investors Weigh In On Nerdy

A number of hedge funds and other institutional investors have recently bought and sold shares of NRDY. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Nerdy during the 1st quarter worth $26,000. Voya Investment Management LLC purchased a new stake in shares of Nerdy during the 1st quarter worth approximately $30,000. ProShare Advisors LLC increased its stake in Nerdy by 55.2% in the 4th quarter. ProShare Advisors LLC now owns 21,350 shares of the company's stock valued at $35,000 after purchasing an additional 7,594 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Nerdy by 33.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,263 shares of the company's stock worth $50,000 after purchasing an additional 7,607 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in Nerdy during the fourth quarter worth $51,000. Institutional investors and hedge funds own 39.10% of the company's stock.

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.