Nerdy Inc. (NYSE:NRDY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Nerdy Inc. (NYSE:NRDY) have received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $1.75.

NRDY has been the topic of a number of research reports. Wall Street Zen cut Nerdy from a “hold” rating to a “sell” rating in a research note on Friday. Cantor Fitzgerald cut their price objective on Nerdy from $1.75 to $1.50 and set a “neutral” rating on the stock in a report on Friday, August 8th.

Nerdy Price Performance

Shares of NRDY opened at $1.35 on Tuesday. The firm has a 50-day simple moving average of $1.48 and a two-hundred day simple moving average of $1.54. The stock has a market cap of $249.90 million, a PE ratio of -3.45 and a beta of 1.86. Nerdy has a 1-year low of $0.75 and a 1-year high of $2.18.

Nerdy (NYSE:NRDY) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. The firm had revenue of $45.26 million for the quarter, compared to analyst estimates of $46.60 million. Nerdy had a negative net margin of 24.91% and a negative return on equity of 77.11%. Nerdy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Nerdy will post -0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, 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 sale, the insider directly owned 1,556,825 shares of the company’s stock, valued at $1,977,167.75. This represents a 2.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason H. Pello sold 52,866 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $1.27, for a total transaction of $67,139.82. Following the sale, the chief financial officer owned 1,877,738 shares in the company, valued at approximately $2,384,727.26. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,959 shares of company stock worth $191,272 over the last three months. Company insiders own 50.94% of the company’s stock.

Hedge Funds Weigh In On Nerdy

Institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Nerdy during the first quarter worth $26,000. Voya Investment Management LLC acquired a new position in Nerdy during the 1st quarter worth $30,000. ProShare Advisors LLC grew its stake in Nerdy by 55.2% during the 4th quarter. ProShare Advisors LLC now owns 21,350 shares of the company’s stock worth $35,000 after purchasing an additional 7,594 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Nerdy by 33.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,263 shares of the company’s stock worth $50,000 after purchasing an additional 7,607 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in Nerdy in the 4th quarter valued at about $51,000. Institutional investors and hedge funds 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.