Nerdy (NYSE:NRDY) Stock Rating Lowered by Wall Street Zen

Nerdy (NYSE:NRDY) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other equities analysts have also issued reports on NRDY. Cantor Fitzgerald decreased their price target on Nerdy from $1.50 to $1.00 and set a “neutral” rating for the company in a research note on Friday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nerdy in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $1.25.

Nerdy Price Performance

Shares of NRDY traded down $0.08 during trading hours on Friday, reaching $0.85. 1,878,229 shares of the company’s stock traded hands, compared to its average volume of 458,475. Nerdy has a twelve month low of $0.75 and a twelve month high of $2.18. The business’s fifty day simple moving average is $1.20 and its two-hundred day simple moving average is $1.45. The firm has a market capitalization of $158.67 million, a price-to-earnings ratio of -2.44 and a beta of 1.82.

Nerdy (NYSE:NRDY) last announced its earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. The firm had revenue of $37.02 million during the quarter, compared to analyst estimates of $38.77 million. Nerdy had a negative net margin of 22.95% and a negative return on equity of 75.27%. Nerdy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts expect that Nerdy will post -0.43 EPS for the current year.

Insider Activity

In other news, CFO Jason H. Pello sold 52,866 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $1.27, for a total value of $67,139.82. Following the completion of the sale, the chief financial officer directly owned 1,877,738 shares of the company’s stock, valued at $2,384,727.26. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher C. Swenson sold 37,845 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $1.27, for a total transaction of $48,063.15. Following the completion of the transaction, the insider owned 1,556,825 shares in the company, valued at approximately $1,977,167.75. This represents a 2.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 139,853 shares of company stock worth $177,613 in the last 90 days. Company insiders own 50.94% of the company’s stock.

Institutional Investors Weigh In On Nerdy

Several large investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. bought a new position in Nerdy during the first quarter valued at approximately $26,000. Voya Investment Management LLC bought a new stake in Nerdy in the first quarter worth approximately $30,000. AQR Capital Management LLC increased its stake in shares of Nerdy by 67.9% during the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock worth $53,000 after purchasing an additional 15,234 shares during the last quarter. Strs Ohio bought a new position in shares of Nerdy during the 1st quarter valued at $56,000. Finally, Bank of America Corp DE raised its holdings in shares of Nerdy by 41.9% during the 4th quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock valued at $98,000 after purchasing an additional 17,889 shares in the last quarter. 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.