Nerdy (NYSE:NRDY) Stock Rating Lowered by Wall Street Zen

Key Points

• Nerdy (NYSE:NRDY) has been downgraded from a "hold" to a "sell" rating by Wall Street Zen following recent financial performance and forecasts.
• Cantor Fitzgerald reduced its price target for Nerdy from $1.75 to $1.50, maintaining a "neutral" rating, while the stock currently holds a consensus price target of $1.75.
• The company's latest quarterly earnings report revealed a loss of $0.07 per share, beating estimates but missing revenue expectations, contributing to its negative stock performance.

Nerdy (NYSE:NRDY - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.

Separately, Cantor Fitzgerald reduced their price target on shares of Nerdy from $1.75 to $1.50 and set a "neutral" rating on the stock in a research report on Friday, August 8th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $1.75.

Nerdy Trading Down 2.7%

NRDY traded down $0.04 during trading on Friday, hitting $1.29. The company's stock had a trading volume of 221,013 shares, compared to its average volume of 751,840. The firm has a market capitalization of $238.75 million, a price-to-earnings ratio of -3.29 and a beta of 1.86. The business's fifty day simple moving average is $1.46 and its 200 day simple moving average is $1.54. Nerdy has a twelve month low of $0.75 and a twelve month high of $2.18.

Nerdy (NYSE:NRDY - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $46.60 million. Nerdy had a negative net margin of 24.91% and a negative return on equity of 77.11%. Nerdy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Nerdy will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Nerdy

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC boosted its position in Nerdy by 99.5% during the 4th quarter. Nuveen Asset Management LLC now owns 410,523 shares of the company's stock worth $665,000 after acquiring an additional 204,760 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Nerdy during the first quarter worth $649,000. Northern Trust Corp boosted its position in shares of Nerdy by 12.2% in the fourth quarter. Northern Trust Corp now owns 684,590 shares of the company's stock worth $1,109,000 after buying an additional 74,233 shares during the period. Soviero Asset Management LP acquired a new stake in shares of Nerdy in the fourth quarter worth $243,000. Finally, Wells Fargo & Company MN boosted its position in shares of Nerdy by 56.2% in the fourth quarter. Wells Fargo & Company MN now owns 36,122 shares of the company's stock worth $59,000 after buying an additional 13,000 shares during the period. 39.10% of the stock is currently owned by 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.