NYSE:NRDY

Nerdy (NRDY) Stock Forecast, Price & News

$3.70

+0.20 (+5.71%)

(As of 09/29/2023 ET)

Compare

Today's Range: $3.51
▼
$3.72
50-Day Range: $3.23
▼
$5.27
52-Week Range: $1.80
▼
$5.37

Volume: 985,639 shs
Average Volume: 643,207 shs
Market Capitalization: $626.77 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.93

Nerdy MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 60.2% Upside
$5.93 Price Target
Short Interest: Bearish
5.34% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.28
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$425,432 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.51) to ($0.35) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.18 out of 5 stars

Consumer Discretionary Sector

163rd out of 262 stocks

Educational Services Industry

15th out of 23 stocks

4.4

Analyst's Opinion

Consensus Rating
Nerdy has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.93, Nerdy has a forecasted upside of 60.2% from its current price of $3.70.
Amount of Analyst Coverage
Nerdy has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
5.34% of the float of Nerdy has been sold short.
Short Interest Ratio / Days to Cover
Nerdy has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in Nerdy has recently increased by 3.62%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Nerdy does not currently pay a dividend.
Dividend Growth
Nerdy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NRDY.

1.0

News and Social Media Coverage

News Sentiment
Nerdy has a news sentiment score of -0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Nerdy this week, compared to 1 article on an average week.
Search Interest
Only 8 people have searched for NRDY on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Nerdy to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nerdy insiders have bought 9.74% more of their company's stock than they have sold. Specifically, they have bought $425,432.00 in company stock and sold $387,681.00 in company stock.
Percentage Held by Insiders
38.83% of the stock of Nerdy is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 38.42% of the stock of Nerdy is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Nerdy are expected to grow in the coming year, from ($0.51) to ($0.35) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nerdy is -6.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nerdy is -6.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Nerdy has a P/B Ratio of 7.55. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Nerdy (NYSE:NRDY) Stock

Nerdy, Inc. operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including AI 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. Its learning destination provides learning experiences across various subjects and multiple formats, including one-on-one instruction, small group classes, large format group classes, coding, tutor chat, essay review, and adaptive self-study. The company's flagship business, Varsity Tutors, operates platforms for live online tutoring and classes. Its solutions are available directly to learners, as well as through schools and other institutions. The company was founded in 2007 and is headquartered in Saint Louis, Missouri.

NRDY Price History

30 days | 90 days | 365 days | Advanced Chart

NRDY Stock News Headlines

September 27, 2023 | thestreet.com

Nerdy Inc. Warrants each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share

September 20, 2023 | finance.yahoo.com

Down -16.47% in 4 Weeks, Here's Why You Should You Buy the Dip in Nerdy Inc. (NRDY)

October 1, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

August 24, 2023 | benzinga.com

New Jersey Department of Education Selects Varsity Tutors for State's High-Impact Tutoring Program

August 24, 2023 | finance.yahoo.com

New Jersey Department of Education Selects Varsity Tutors for State’s High-Impact Tutoring Program

August 22, 2023 | seekingalpha.com

Nerdy Stock: Still Has Legs To Run

August 21, 2023 | seekingalpha.com

Nerdy Stock: Q2 Results Make The Honor Roll

August 21, 2023 | finance.yahoo.com

Nerdy to Participate in Goldman Sachs Communacopia & Technology Conference

October 1, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

August 18, 2023 | finance.yahoo.com

Ohio Department of Education Partners with Varsity Tutors to Accelerate Student Learning and Recovery

August 11, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Nerdy

August 10, 2023 | markets.businessinsider.com

JMP Securities Sticks to Their Buy Rating for Nerdy (NRDY)

August 8, 2023 | finance.yahoo.com

Nerdy Announces Second Quarter 2023 Financial Results

August 3, 2023 | finance.yahoo.com

Connecticut State Department of Education Selects Varsity Tutors for State’s High-Dosage Tutoring Program

August 1, 2023 | technews.tmcnet.com

Connecticut State Department of Education Selects Varsity Tutors for State's High-Dosage Tutoring Program

July 28, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Nerdy (NRDY), ATOSS Software (GB:0N66) and UBISOFT Entertainment (GB:0NVL)

July 21, 2023 | bizjournals.com

Online learning firm Nerdy to relocate HQ to prominent new Clayton tower

July 17, 2023 | finance.yahoo.com

Nerdy to Participate in Canaccord Genuity Annual Growth Conference

July 17, 2023 | finance.yahoo.com

Nerdy to Announce Second Quarter 2023 Results on August 8, 2023

July 4, 2023 | finance.yahoo.com

Nerdy, Inc. (NYSE:NRDY) Shares Could Be 32% Below Their Intrinsic Value Estimate

June 22, 2023 | bizjournals.com

Online learning firm Nerdy says AI is writing 30% of its software code

June 14, 2023 | finance.yahoo.com

Is Now The Time To Look At Buying Nerdy, Inc. (NYSE:NRDY)?

June 14, 2023 | finance.yahoo.com

Varsity Tutors, Warner Bros. Discovery Global Consumer Products, and DC Partner on Draw-Along Series Featuring The Flash

June 6, 2023 | msn.com

I Remain Bullish On Nerdy's Unique Position In The Online Learning Market

June 2, 2023 | finance.yahoo.com

Down -11.34% in 4 Weeks, Here's Why Nerdy Inc. (NRDY) Looks Ripe for a Turnaround

June 1, 2023 | seekingalpha.com

NRDY.WS Nerdy Inc - Warrants(16/08/2026)

May 31, 2023 | msn.com

Down -22.79% in 4 Weeks, Here's Why You Should You Buy the Dip in Nerdy Inc. (NRDY)

See More Headlines

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NRDY Company Calendar

Last Earnings: 8/08/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/13/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Educational services
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NYSE:NRDY
CUSIP: N/A
CIK: 1819404
Web: www.tpg.com
Phone: 314-412-1227
Fax: N/A
Employees: 700
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $5.93
High Stock Price Forecast: $8.00
Low Stock Price Forecast: $5.00
Forecasted Upside/Downside: +60.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.55)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-35,400,000.00
Net Margins: -28.84%
Pretax Margin: -49.63%
Return on Equity: -79.68%
Return on Assets: -43.89%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.61
Quick Ratio: 3.61

Sales & Book Value

Annual Sales: $171.57 million
Price / Sales: 3.65
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.49 per share
Price / Book: 7.55

Miscellaneous

Outstanding Shares: 169,398,000
Free Float: 103,621,000
Market Cap: $626.77 million
Optionable: Optionable
Beta: 2.09

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Key Executives

Mr. Charles Cohn (Age 36)
Founder, Chairman, Pres & CEO
Comp: $1

Mr. Jason H. Pello (Age 43)
Chief Financial Officer
Comp: $435k

Ms. Heidi Robinson (Age 48)
Consultant
Comp: $508.69k

Mr. Julian Merschen
Chief Technology Officer

Ms. Molly C. Sorg
VP & Head of Investor Relations

Mr. Christopher C. Swenson (Age 52)
Chief Legal Officer & Corp. Sec.

Ms. Rian Schilligo
Chief People Officer

Mr. Adam Weber
Chief Customer Officer

Mr. Dan Lee
Chief Analytics Officer

Mr. Karthik Anbalagan
Chief Audience Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NRDY Stock - Frequently Asked Questions

Should I buy or sell Nerdy stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nerdy in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NRDY shares.
View NRDY analyst ratings or view top-rated stocks.
What is Nerdy's stock price forecast for 2023?: 7 brokerages have issued 1 year price targets for Nerdy's stock. Their NRDY share price forecasts range from $5.00 to $8.00. On average, they expect the company's share price to reach $5.93 in the next twelve months. This suggests a possible upside of 60.2% from the stock's current price.
View analysts price targets for NRDY or view top-rated stocks among Wall Street analysts.
How have NRDY shares performed in 2023?: Nerdy's stock was trading at $2.25 at the beginning of the year. Since then, NRDY stock has increased by 64.4% and is now trading at $3.70.
View the best growth stocks for 2023 here.
When is Nerdy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our NRDY earnings forecast.
How were Nerdy's earnings last quarter?: Nerdy, Inc. (NYSE:NRDY) announced its quarterly earnings results on Tuesday, August, 8th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.09. The company earned $48.84 million during the quarter, compared to analyst estimates of $46.02 million. Nerdy had a negative net margin of 28.84% and a negative trailing twelve-month return on equity of 79.68%.
What ETF holds Nerdy's stock ?: Global X Education ETF holds 4,358 shares of NRDY stock, representing 0.68% of its portfolio.

What guidance has Nerdy issued on next quarter's earnings?: Nerdy issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $38.00 million-$40.00 million, compared to the consensus revenue estimate of $40.81 million.
What is Nerdy's stock symbol?: Nerdy trades on the New York Stock Exchange (NYSE) under the ticker symbol "NRDY."
How do I buy shares of Nerdy?: Shares of NRDY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Nerdy's stock price today?: One share of NRDY stock can currently be purchased for approximately $3.70.
How much money does Nerdy make?: Nerdy (NYSE:NRDY) has a market capitalization of $626.77 million and generates $171.57 million in revenue each year. The company earns $-35,400,000.00 in net income (profit) each year or ($0.55) on an earnings per share basis.
How many employees does Nerdy have?: The company employs 700 workers across the globe.
How can I contact Nerdy?: Nerdy's mailing address is 301 COMMERCE STREET SUITE 3300, FORTH WORTH TX, 76102. The official website for the company is www.tpg.com. The company can be reached via phone at 314-412-1227 or via email at investorrelations@tpg.com.

This page (NYSE:NRDY) was last updated on 10/1/2023 by MarketBeat.com Staff

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