Nerdy, Inc. (NYSE:NRDY – Get Free Report) insider Christopher C. Swenson sold 30,000 shares of Nerdy stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $2.53, for a total value of $75,900.00. Following the transaction, the insider now owns 1,203,248 shares in the company, valued at approximately $3,044,217.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Nerdy Stock Performance
Shares of NYSE NRDY opened at $2.63 on Thursday. The business’s 50-day moving average price is $2.87 and its two-hundred day moving average price is $3.01. Nerdy, Inc. has a one year low of $2.31 and a one year high of $5.37.
Nerdy (NYSE:NRDY – Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. Nerdy had a negative return on equity of 48.96% and a negative net margin of 20.77%. The company had revenue of $55.10 million during the quarter, compared to analysts’ expectations of $54.77 million. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. The business’s quarterly revenue was up 31.8% compared to the same quarter last year. On average, sell-side analysts predict that Nerdy, Inc. will post -0.33 EPS for the current year.
Institutional Trading of Nerdy
Analyst Ratings Changes
A number of research analysts have recently weighed in on NRDY shares. JPMorgan Chase & Co. started coverage on Nerdy in a report on Monday, March 11th. They set an “overweight” rating and a $5.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and set a $4.00 price target on shares of Nerdy in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Nerdy has an average rating of “Moderate Buy” and a consensus target price of $4.71.
Get Our Latest Report on Nerdy
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.
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