Nerdy, Inc. (NYSE:NRDY – Get Free Report) insider Christopher C. Swenson sold 30,000 shares of Nerdy stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $2.53, for a total transaction of $75,900.00. Following the transaction, the insider now directly owns 1,203,248 shares of the company’s stock, valued at $3,044,217.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Nerdy Price Performance
Shares of Nerdy stock opened at $2.76 on Friday. Nerdy, Inc. has a one year low of $2.31 and a one year high of $5.37. The business has a 50-day simple moving average of $2.85 and a 200-day simple moving average of $3.01.
Nerdy (NYSE:NRDY – Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.05) EPS 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 business had revenue of $55.10 million during the quarter, compared to the consensus estimate of $54.77 million. During the same period in the previous year, the company posted ($0.13) earnings per share. The business’s revenue for the quarter was up 31.8% on a year-over-year basis. As a group, equities research analysts forecast that Nerdy, Inc. will post -0.33 earnings per share for the current year.
Institutional Investors Weigh In On Nerdy
Analysts Set New Price Targets
Several equities research analysts have issued reports on NRDY shares. Needham & Company LLC reaffirmed a “buy” rating and set a $4.00 target price on shares of Nerdy in a research note on Wednesday, February 28th. JPMorgan Chase & Co. started coverage on shares of Nerdy in a research note on Monday, March 11th. They set an “overweight” rating and a $5.00 target price on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4.71.
Read Our Latest Report on Nerdy
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.
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