Nerdy, Inc. (NYSE:NRDY) Given Consensus Recommendation of “Hold” by Brokerages

Nerdy, Inc. (NYSE:NRDY) has earned a consensus recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $2.86.

NRDY has been the subject of several research analyst reports. JMP Securities reiterated a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $1.00 price objective (down from $6.00) on shares of Nerdy in a report on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $2.00 price objective on shares of Nerdy in a research report on Friday, November 8th. Northland Securities reduced their target price on shares of Nerdy from $3.00 to $2.00 and set a “market perform” rating for the company in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lowered shares of Nerdy from a “neutral” rating to an “underweight” rating in a research note on Monday, November 11th.

Insiders Place Their Bets

In related news, CEO Charles K. Cohn bought 208,726 shares of Nerdy stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of $0.87 per share, with a total value of $181,591.62. Following the acquisition, the chief executive officer now owns 21,157,650 shares in the company, valued at $18,407,155.50. This trade represents a 1.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jason H. Pello sold 70,490 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $1.06, for a total value of $74,719.40. Following the completion of the transaction, the chief financial officer now owns 2,255,428 shares in the company, valued at $2,390,753.68. The trade was a 3.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 13,455,750 shares of company stock worth $15,530,190 and have sold 160,732 shares worth $211,015. Company insiders own 31.35% of the company’s stock.

Hedge Funds Weigh In On Nerdy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AM Investment Strategies LLC bought a new position in Nerdy in the third quarter valued at approximately $29,000. SG Americas Securities LLC bought a new position in shares of Nerdy in the 3rd quarter valued at $29,000. Moloney Securities Asset Management LLC raised its holdings in shares of Nerdy by 53.4% during the 4th quarter. Moloney Securities Asset Management LLC now owns 28,725 shares of the company’s stock worth $47,000 after buying an additional 10,000 shares in the last quarter. Barclays PLC lifted its position in shares of Nerdy by 330.4% during the 3rd quarter. Barclays PLC now owns 103,960 shares of the company’s stock worth $102,000 after buying an additional 79,808 shares during the last quarter. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of Nerdy during the 3rd quarter worth $138,000. 39.10% of the stock is currently owned by institutional investors and hedge funds.

Nerdy Price Performance

Shares of NRDY opened at $1.86 on Friday. The company has a market cap of $334.60 million, a PE ratio of -5.46 and a beta of 1.98. The firm has a 50-day moving average of $1.70 and a 200-day moving average of $1.32. Nerdy has a one year low of $0.73 and a one year high of $3.60.

Nerdy (NYSE:NRDY) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.09. Nerdy had a negative return on equity of 47.45% and a negative net margin of 19.31%. The business had revenue of $37.53 million during the quarter, compared to analysts’ expectations of $36.63 million. During the same quarter last year, the company posted ($0.13) earnings per share. Analysts expect that Nerdy will post -0.43 earnings per share for the current year.

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.