Nerdy Inc. (NYSE:NRDY) Given Average Recommendation of “Hold” by Analysts

Nerdy Inc. (NYSE:NRDY) has been given an average recommendation of “Hold” by the six research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation 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 analyst reports. Cantor Fitzgerald cut their price objective 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 upgraded shares of Nerdy from a “sell” rating to a “hold” rating in a research report on Saturday.

Insiders Place Their Bets

In related news, CFO Jason H. Pello sold 76,794 shares of Nerdy stock in a transaction on Friday, May 16th. The shares were sold at an average price of $1.67, for a total value of $128,245.98. Following the transaction, the chief financial officer directly owned 1,960,134 shares in the company, valued at $3,273,423.78. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher C. Swenson sold 53,514 shares of Nerdy stock in a transaction on Friday, May 16th. The shares were sold at an average price of $1.67, for a total transaction of $89,368.38. Following the completion of the transaction, the insider owned 1,612,388 shares in the company, valued at approximately $2,692,687.96. This trade represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 177,556 shares of company stock worth $293,684. 50.94% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NRDY. Covestor Ltd acquired a new position in Nerdy in the 4th quarter valued at about $26,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Nerdy during the 1st quarter valued at about $26,000. Voya Investment Management LLC acquired a new position in shares of Nerdy during the 1st quarter valued at about $30,000. ProShare Advisors LLC increased its stake in shares of Nerdy by 55.2% during the 4th quarter. ProShare Advisors LLC now owns 21,350 shares of the company’s stock valued at $35,000 after acquiring an additional 7,594 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Nerdy by 33.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,263 shares of the company’s stock valued at $50,000 after acquiring an additional 7,607 shares during the last quarter. Institutional investors and hedge funds own 39.10% of the company’s stock.

Nerdy Trading Up 2.0%

NRDY stock opened at $1.30 on Friday. Nerdy has a twelve month low of $0.74 and a twelve month high of $2.18. The company’s 50 day moving average is $1.60 and its two-hundred day moving average is $1.61. The stock has a market cap of $236.27 million, a P/E ratio of -3.32 and a beta of 1.87.

Nerdy (NYSE:NRDY) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. Nerdy had a negative net margin of 24.91% and a negative return on equity of 77.11%. The company had revenue of $45.26 million for the quarter, compared to analysts’ expectations of $46.60 million. On average, equities research analysts predict that Nerdy will post -0.43 earnings per share for the current 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.