Weiss Ratings Reiterates Sell (E+) Rating for Nerdy (NYSE:NRDY)

Key Points

• Weiss Ratings has reiterated a Sell (E+) rating for Nerdy (NYSE: NRDY), indicating ongoing concerns from analysts about the stock's performance.
• Nerdy's stock price dropped 2.8% recently, trading at $1.23, which is below its 50-day and 200-day moving averages.
• Insiders have been active, with a director purchasing 25,000 shares while the CFO sold over 30,000 shares, suggesting mixed sentiment about the company’s future.

Nerdy (NYSE:NRDY - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

NRDY has been the subject of a number of other research reports. Wall Street Zen cut shares of Nerdy from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Cantor Fitzgerald reduced their target price 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 issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Nerdy currently has an average rating of "Reduce" and an average target price of $1.75.

Nerdy Stock Down 2.8%

NRDY stock traded down $0.04 during mid-day trading on Wednesday, reaching $1.23. 104,552 shares of the stock traded hands, compared to its average volume of 724,442. The firm has a market capitalization of $227.61 million, a PE ratio of -3.14 and a beta of 1.84. The business has a 50-day moving average of $1.32 and a two-hundred day moving average of $1.50. Nerdy has a 52 week low of $0.75 and a 52 week high of $2.18.

Nerdy (NYSE:NRDY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.03. The business had revenue of $45.26 million during the quarter, compared to analysts' expectations of $46.60 million. Nerdy had a negative return on equity of 77.11% and a negative net margin of 24.91%. Nerdy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Nerdy will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Abigail Blunt purchased 25,000 shares of Nerdy stock in a transaction dated Friday, August 29th. The stock was bought 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 of the company's stock, valued at $307,360. This represents a 12.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason H. Pello sold 30,714 shares of the business's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $1.27, for a total transaction of $39,006.78. Following the completion of the sale, the chief financial officer directly owned 1,847,024 shares in the company, valued at $2,345,720.48. This represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,853 shares of company stock valued at $177,613. 50.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nerdy

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in Nerdy by 41.9% during the fourth quarter. Bank of America Corp DE now owns 60,565 shares of the company's stock worth $98,000 after purchasing an additional 17,889 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Nerdy during the first quarter worth about $26,000. Bank of New York Mellon Corp grew its stake in Nerdy by 8.0% in the first quarter. Bank of New York Mellon Corp now owns 223,757 shares of the company's stock valued at $318,000 after purchasing an additional 16,613 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Nerdy during the 1st quarter worth approximately $649,000. Finally, XTX Topco Ltd bought a new stake in shares of Nerdy during the 1st quarter worth approximately $188,000. 39.10% of the stock is 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.

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