Nerdy (NYSE:NRDY) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Nerdy to “Sell” from “Hold,” while Weiss Ratings reiterated a “sell (e+)” rating. Analysts’ average rating is “Reduce,” with a consensus price target of $1.00.
• Nerdy shares opened at $0.71, near their 12-month low of $0.70, and remain below their 50-day and 200-day moving averages. The company has a market capitalization of approximately $136 million and a negative price-to-earnings ratio.
• In its latest quarter, Nerdy reported a smaller-than-expected loss of $0.04 per share and revenue of $43.23 million, but it continues to post negative profitability metrics. CEO Charles K. Cohn purchased 250,007 shares, and insiders collectively own about 51% of the company.

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

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Nerdy in a research report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $1.00.

Nerdy Trading Down 2.0%

NYSE:NRDY opened at $0.71 on Friday. The business's 50-day moving average is $0.87 and its two-hundred day moving average is $0.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.70 and a quick ratio of 2.41. Nerdy has a 12 month low of $0.70 and a 12 month high of $1.49. The firm has a market capitalization of $136.04 million, a PE ratio of -2.84 and a beta of 1.73.

Nerdy (NYSE:NRDY - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. Nerdy had a negative return on equity of 100.13% and a negative net margin of 16.99%.The company had revenue of $43.23 million for the quarter, compared to analysts' expectations of $43.00 million. Research analysts predict that Nerdy will post -0.15 earnings per share for the current fiscal year.

Insider Transactions at Nerdy

In other news, CEO Charles K. Cohn purchased 250,007 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of $1.00 per share, with a total value of $250,007.00. Following the purchase, the chief executive officer directly owned 978,311 shares of the company's stock, valued at approximately $978,311. This represents a 34.33% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have acquired 978,311 shares of company stock worth $950,853. Insiders own 50.99% of the company's stock.

Hedge Funds Weigh In On Nerdy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NRDY. Virtu Financial LLC purchased a new stake in shares of Nerdy during the fourth quarter worth about $25,000. Engineers Gate Manager LP acquired a new position in shares of Nerdy in the fourth quarter worth about $28,000. Bridgeway Capital Management LLC boosted its holdings in Nerdy by 62.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 265,100 shares of the company's stock valued at $276,000 after purchasing an additional 102,400 shares during the last quarter. Abel Hall LLC purchased a new position in Nerdy in the fourth quarter valued at about $67,000. Finally, Symmetry Peak Management LLC acquired a new stake in Nerdy during the 4th quarter valued at approximately $26,000. 39.10% of the stock is owned by hedge funds and other institutional investors.

Nerdy Company Profile

Nerdy, Inc NYSE: NRDY is an American education technology company that operates a live online learning marketplace. Through its flagship Varsity Tutors platform, the company connects students, professionals and lifelong learners with a network of thousands of educators for personalized one-on-one tutoring, group classes and test preparation. The platform leverages proprietary matching algorithms to pair learners with instructors based on subject expertise, learning style and scheduling preferences.

Founded in 2007 by entrepreneur Chuck Cohn, Nerdy began as Varsity Tutors in Washington, DC, before establishing its headquarters in St.

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