Nerdy (NRDY) Expected to Announce Earnings on Tuesday

Nerdy (NYSE:NRDY - Get Free Report) is projected to post its Q1 2025 quarterly earnings results before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of ($0.12) per share and revenue of $46.22 million for the quarter.

Nerdy Trading Up 4.1 %

NYSE NRDY traded up $0.07 during mid-day trading on Friday, hitting $1.66. The company's stock had a trading volume of 322,098 shares, compared to its average volume of 1,754,707. The firm has a market capitalization of $301.95 million, a price-to-earnings ratio of -4.87 and a beta of 1.95. The company's 50 day simple moving average is $1.51 and its 200 day simple moving average is $1.50. Nerdy has a twelve month low of $0.73 and a twelve month high of $2.75.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lifted their price target on Nerdy from $1.00 to $1.50 and gave the company a "neutral" rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $2.31.

Insiders Place Their Bets

In other Nerdy news, CFO Jason H. Pello sold 75,000 shares of the firm's stock in a transaction on 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 $3,123,895.55. This trade represents a 3.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Christopher C. Swenson sold 58,220 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $1.80, for a total value of $104,796.00. Following the transaction, the insider now owns 1,685,028 shares of the company's stock, valued at $3,033,050.40. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 265,604 shares of company stock valued at $443,076. Insiders own 50.94% of the company's stock.

Institutional Trading of Nerdy

A hedge fund recently raised its stake in Nerdy stock. Bank of America Corp DE raised its holdings in shares of Nerdy, Inc. (NYSE:NRDY - Free Report) by 41.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,565 shares of the company's stock after acquiring an additional 17,889 shares during the quarter. Bank of America Corp DE's holdings in Nerdy were worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors 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.