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

Key Points

• Nerdy Inc. (NYSE:NRDY) has received a consensus recommendation of "Hold" from six research firms, with ratings varying from one sell to one buy.
• The average 12-month target price for Nerdy shares is $1.75, with recent trading activity showing stock priced at $1.30.
• Nerdy reported a quarterly earnings loss of ($0.07) EPS, beating estimates of ($0.10) but falling short of revenue expectations of $46.60 million.

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

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Nerdy from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. 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, August 8th.

Nerdy Trading Down 1.9%

Shares of NRDY stock opened at $1.30 on Friday. The business's fifty day simple moving average is $1.39 and its 200-day simple moving average is $1.52. The company has a market cap of $240.61 million, a PE ratio of -3.32 and a beta of 1.86. Nerdy has a 12-month low of $0.75 and a 12-month high of $2.18.

Nerdy (NYSE:NRDY - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $46.60 million. Nerdy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Nerdy will post -0.43 earnings per share for the current year.

Insider Buying and Selling at Nerdy

In other news, CFO Jason H. Pello sold 52,866 shares of Nerdy stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $1.27, for a total value of $67,139.82. Following the sale, the chief financial officer owned 1,877,738 shares of the company's stock, valued at $2,384,727.26. The trade was a 2.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher C. Swenson sold 37,845 shares of Nerdy stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $1.27, for a total transaction of $48,063.15. Following the transaction, the insider owned 1,556,825 shares of the company's stock, valued at approximately $1,977,167.75. The trade was a 2.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,853 shares of company stock valued at $177,613 in the last 90 days. Company insiders own 50.94% of the company's stock.

Institutional Investors Weigh In On Nerdy

Large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Nerdy in the 1st quarter valued at about $26,000. Voya Investment Management LLC bought a new stake in shares of Nerdy during the 1st quarter worth about $30,000. ProShare Advisors LLC raised its position in shares of Nerdy by 55.2% during the 4th quarter. ProShare Advisors LLC now owns 21,350 shares of the company's stock worth $35,000 after buying an additional 7,594 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of 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 during the last quarter. Finally, Strs Ohio purchased a new position in shares of Nerdy in the first quarter worth approximately $56,000. 39.10% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.