Nerdy, Inc. (NYSE:NRDY) Receives Consensus Rating of “Moderate Buy” from Analysts

Nerdy, Inc. (NYSE:NRDY) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $4.82.

Several brokerages have recently weighed in on NRDY. Needham & Company LLC reiterated a “buy” rating and set a $4.00 price objective on shares of Nerdy in a report on Friday, May 17th. The Goldman Sachs Group boosted their price objective on shares of Nerdy from $3.25 to $3.75 and gave the company a “neutral” rating in a research note on Thursday, May 9th.

Insider Transactions at Nerdy

In other Nerdy news, CEO Charles K. Cohn bought 500,000 shares of Nerdy stock in a transaction that occurred on Wednesday, June 12th. The shares were acquired at an average price of $1.80 per share, for a total transaction of $900,000.00. Following the acquisition, the chief executive officer now owns 1,422,976 shares of the company’s stock, valued at approximately $2,561,356.80. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Charles K. Cohn acquired 353,000 shares of the stock in a transaction on Monday, June 10th. The stock was bought at an average price of $1.59 per share, with a total value of $561,270.00. Following the completion of the transaction, the chief executive officer now directly owns 353,000 shares of the company’s stock, valued at $561,270. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles K. Cohn bought 500,000 shares of Nerdy stock in a transaction dated Wednesday, June 12th. The shares were purchased at an average cost of $1.80 per share, for a total transaction of $900,000.00. Following the completion of the transaction, the chief executive officer now owns 1,422,976 shares of the company’s stock, valued at approximately $2,561,356.80. The disclosure for this purchase can be found here. Insiders acquired 1,200,275 shares of company stock valued at $2,131,511 over the last 90 days. Corporate insiders own 31.35% of the company’s stock.

Institutional Investors Weigh In On Nerdy

A number of large investors have recently added to or reduced their stakes in NRDY. SG Americas Securities LLC purchased a new position in Nerdy in the 4th quarter valued at about $50,000. ACR Alpine Capital Research LLC lifted its stake in shares of Nerdy by 16.2% in the fourth quarter. ACR Alpine Capital Research LLC now owns 822,972 shares of the company’s stock worth $2,823,000 after acquiring an additional 114,654 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Nerdy by 1,765.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,051 shares of the company’s stock valued at $52,000 after purchasing an additional 14,244 shares during the last quarter. Certuity LLC acquired a new stake in Nerdy during the 4th quarter valued at approximately $120,000. Finally, Greenvale Capital LLP increased its holdings in Nerdy by 2.9% during the 4th quarter. Greenvale Capital LLP now owns 8,490,996 shares of the company’s stock worth $29,124,000 after purchasing an additional 240,996 shares during the last quarter. 39.10% of the stock is owned by institutional investors and hedge funds.

Nerdy Stock Performance

Shares of NYSE NRDY opened at $1.66 on Tuesday. The firm’s 50 day moving average price is $1.74 and its 200 day moving average price is $2.52. The firm has a market cap of $291.66 million, a P/E ratio of -5.93 and a beta of 1.73. Nerdy has a 1 year low of $1.47 and a 1 year high of $5.37.

Nerdy (NYSE:NRDY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Nerdy had a negative return on equity of 41.24% and a negative net margin of 14.49%. The business had revenue of $53.73 million during the quarter, compared to the consensus estimate of $52.20 million. During the same quarter in the previous year, the business earned ($0.12) earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities analysts predict that Nerdy will post -0.31 EPS for the current year.

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.