Nerdy, Inc. (NYSE:NRDY) Receives $2.86 Consensus Price Target from Analysts

Nerdy, Inc. (NYSE:NRDY) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $2.86.

Several research firms recently commented on NRDY. Needham & Company LLC reissued a “buy” rating and set a $2.00 price target on shares of Nerdy in a research report on Friday, November 8th. Northland Securities cut their price objective on Nerdy from $3.00 to $2.00 and set a “market perform” rating for the company in a report on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of Nerdy in a research report on Friday, November 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $1.00 target price (down from $6.00) on shares of Nerdy in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. downgraded Nerdy from a “neutral” rating to an “underweight” rating in a research note on Monday, November 11th.

Insider Buying and Selling at Nerdy

In other news, CEO Charles K. Cohn purchased 208,726 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of $0.87 per share, with a total value of $181,591.62. Following the purchase, the chief executive officer now directly owns 21,157,650 shares of the company’s stock, valued at $18,407,155.50. This trade represents a 1.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jason H. Pello sold 30,242 shares of Nerdy stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $1.84, for a total value of $55,645.28. Following the completion of the sale, the chief financial officer now directly owns 2,225,186 shares in the company, valued at $4,094,342.24. This represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 13,455,750 shares of company stock worth $15,530,190 and have sold 160,732 shares worth $211,015. Corporate insiders own 31.35% of the company’s stock.

Hedge Funds Weigh In On Nerdy

Institutional investors have recently bought and sold shares of the business. Moloney Securities Asset Management LLC boosted its stake in shares of Nerdy by 53.4% in the fourth quarter. Moloney Securities Asset Management LLC now owns 28,725 shares of the company’s stock valued at $47,000 after buying an additional 10,000 shares during the period. SG Americas Securities LLC acquired a new position in Nerdy during the third quarter valued at approximately $29,000. AM Investment Strategies LLC acquired a new position in Nerdy during the third quarter valued at approximately $29,000. Sargent Investment Group LLC acquired a new position in Nerdy during the fourth quarter valued at approximately $153,000. Finally, Barclays PLC raised its position in Nerdy by 330.4% during the third quarter. Barclays PLC now owns 103,960 shares of the company’s stock valued at $102,000 after purchasing an additional 79,808 shares in the last quarter. Institutional investors and hedge funds own 39.10% of the company’s stock.

Nerdy Trading Down 0.8 %

Shares of NYSE:NRDY opened at $1.81 on Friday. The stock’s 50-day moving average price is $1.67 and its two-hundred day moving average price is $1.30. Nerdy has a 12-month low of $0.73 and a 12-month high of $3.60. The firm has a market cap of $325.59 million, a price-to-earnings ratio of -5.31 and a beta of 1.98.

Nerdy (NYSE:NRDY) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.09. The business had revenue of $37.53 million for the quarter, compared to analyst estimates of $36.63 million. Nerdy had a negative return on equity of 47.45% and a negative net margin of 19.31%. During the same period in the previous year, the company posted ($0.13) EPS. As a group, research analysts forecast that Nerdy will post -0.43 earnings per share for the current fiscal 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.