Brokerages Set Nerdy Inc. (NYSE:NRDY) PT at $1.75

Nerdy Inc. (NYSE:NRDY) has earned an average rating of “Reduce” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $1.75.

NRDY has been the topic of several analyst reports. Cantor Fitzgerald reduced their target price on shares of Nerdy from $1.75 to $1.50 and set a “neutral” rating on the stock in a report on Friday, August 8th. Wall Street Zen cut shares of Nerdy from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nerdy in a report on Wednesday, October 8th.

Nerdy Stock Performance

Shares of NRDY opened at $1.15 on Wednesday. The stock has a market capitalization of $212.74 million, a PE ratio of -2.94 and a beta of 1.84. Nerdy has a 1 year low of $0.75 and a 1 year high of $2.18. The company’s 50-day simple moving average is $1.27 and its 200-day simple moving average is $1.47.

Nerdy (NYSE:NRDY) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.03. The business had revenue of $45.26 million for the quarter, compared to analysts’ expectations 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. On average, sell-side analysts predict that Nerdy will post -0.43 earnings per share for the current year.

Insider Activity at Nerdy

In related news, CFO Jason H. Pello sold 30,714 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $1.27, for a total value of $39,006.78. Following the sale, the chief financial officer owned 1,847,024 shares of the company’s stock, valued at $2,345,720.48. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher C. Swenson sold 37,845 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 transaction of $48,063.15. Following the completion of the transaction, the insider owned 1,556,825 shares in the company, valued at $1,977,167.75. This represents a 2.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,853 shares of company stock valued at $177,613 over the last 90 days. 50.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Nerdy

Hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. purchased a new position in Nerdy in the first quarter valued at approximately $26,000. Voya Investment Management LLC purchased a new position in Nerdy in the first quarter valued at approximately $30,000. AQR Capital Management LLC increased its stake in Nerdy by 67.9% in the first quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock valued at $53,000 after purchasing an additional 15,234 shares during the last quarter. Strs Ohio purchased a new position in Nerdy in the first quarter valued at approximately $56,000. Finally, Bank of America Corp DE increased its stake in Nerdy by 41.9% in the fourth 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 during the last quarter. 39.10% of the stock is currently owned by hedge funds and other institutional investors.

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.