Nerdy (NYSE:NRDY – Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.82) EPS for the quarter, beating analysts’ consensus estimates of ($1.50) by $0.68, FiscalAI reports. The firm had revenue of $33.19 million for the quarter, compared to analysts’ expectations of $33.51 million. Nerdy had a negative net margin of 16.99% and a negative return on equity of 100.13%.
Nerdy Stock Performance
NYSE:NRDY traded up $0.32 during mid-day trading on Monday, reaching $6.55. The company’s stock had a trading volume of 19,109 shares, compared to its average volume of 38,847. Nerdy has a 12-month low of $5.37 and a 12-month high of $22.35. The firm’s fifty day moving average price is $7.59 and its two-hundred day moving average price is $11.77. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.75. The stock has a market cap of $83.73 million, a P/E ratio of -1.75 and a beta of 1.93.
Analysts Set New Price Targets
NRDY has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nerdy in a research report on Thursday, October 15th. Wall Street Zen raised Nerdy from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
View Our Latest Analysis on Nerdy
About Nerdy
Nerdy, Inc (NYSE: NRDY) is an education technology company that operates an online learning platform designed to connect learners with instructors and other educational resources. Its platform is primarily offered through the Varsity Tutors brand.
The company provides live, online instruction across a broad range of subjects and learning needs. Its offerings include one-on-one tutoring, small-group classes, test preparation, academic support, language learning, admissions assistance and professional development.
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