Nerdy, Inc. (NYSE:NRDY – Get Free Report) Director Abigail Blunt purchased 49,045 shares of the stock in a transaction on Wednesday, September 11th. The shares were bought at an average price of $0.91 per share, for a total transaction of $44,630.95. Following the acquisition, the director now owns 50,045 shares of the company’s stock, valued at $45,540.95. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Nerdy Trading Down 2.9 %
NRDY stock traded down $0.03 during midday trading on Thursday, hitting $0.88. The stock had a trading volume of 1,511,443 shares, compared to its average volume of 1,600,622. The firm has a market capitalization of $155.30 million, a price-to-earnings ratio of -3.16 and a beta of 1.69. The stock has a 50-day simple moving average of $1.34 and a 200 day simple moving average of $2.01. Nerdy, Inc. has a 52 week low of $0.73 and a 52 week high of $4.40.
Nerdy (NYSE:NRDY – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The company had revenue of $50.98 million during the quarter, compared to analysts’ expectations of $51.14 million. Nerdy had a negative return on equity of 41.05% and a negative net margin of 17.23%. During the same period last year, the business earned ($0.07) earnings per share. On average, equities analysts forecast that Nerdy, Inc. will post -0.48 EPS for the current year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. JMP Securities lowered their price target on Nerdy from $5.00 to $3.00 and set a “market outperform” rating on the stock in a report on Friday, August 9th. Needham & Company LLC lowered their price target on Nerdy from $4.00 to $2.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Canaccord Genuity Group downgraded Nerdy from a “buy” rating to a “hold” rating and lowered their price target for the company from $5.00 to $3.00 in a report on Friday, August 9th. Northland Capmk cut Nerdy from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Barclays reduced their price objective on Nerdy from $4.00 to $3.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.58.
Get Our Latest Research Report on Nerdy
Nerdy Company Profile
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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