Nerdy (NYSE:NRDY) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Nerdy (NYSE:NRDY) has been upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen.
• Cantor Fitzgerald has reduced its price target for Nerdy from $1.75 to $1.50, maintaining a "neutral" rating for the stock.
• Nerdy reported a quarterly EPS of ($0.07), which exceeded analysts' expectations but indicated a negative net margin of 24.91%.

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

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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $1.75.

Nerdy Trading Up 0.4%

NYSE NRDY traded up $0.01 on Friday, reaching $1.31. 161,839 shares of the stock were exchanged, compared to its average volume of 794,422. Nerdy has a one year low of $0.75 and a one year high of $2.18. The firm has a market capitalization of $238.10 million, a PE ratio of -3.35 and a beta of 1.87. The company's 50-day simple moving average is $1.60 and its two-hundred day simple moving average is $1.61.

Nerdy (NYSE:NRDY - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.03. The company had revenue of $45.26 million for the quarter, compared to analysts' expectations of $46.60 million. Nerdy had a negative net margin of 24.91% and a negative return on equity of 77.11%. Sell-side analysts forecast that Nerdy will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Christopher C. Swenson sold 53,514 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $1.67, for a total value of $89,368.38. Following the sale, the insider directly owned 1,612,388 shares in the company, valued at approximately $2,692,687.96. The trade was a 3.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason H. Pello sold 76,794 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $1.67, for a total transaction of $128,245.98. Following the completion of the sale, the chief financial officer owned 1,960,134 shares in the company, valued at approximately $3,273,423.78. This trade represents a 3.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 177,556 shares of company stock worth $293,684 in the last quarter. Insiders own 50.94% of the company's stock.

Hedge Funds Weigh In On Nerdy

Hedge funds have recently made changes to their positions in the stock. ProShare Advisors LLC increased its holdings in shares of 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 acquiring an additional 7,594 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Nerdy by 33.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,263 shares of the company's stock valued at $50,000 after purchasing an additional 7,607 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Nerdy by 56.2% in the fourth quarter. Wells Fargo & Company MN now owns 36,122 shares of the company's stock valued at $59,000 after purchasing an additional 13,000 shares during the last quarter. AQR Capital Management LLC grew its holdings in Nerdy by 67.9% in the first quarter. AQR Capital Management LLC now owns 37,660 shares of the company's stock valued at $53,000 after purchasing an additional 15,234 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Nerdy by 0.4% in the second quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company's stock valued at $5,950,000 after purchasing an additional 15,674 shares during the last quarter. 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.