Brokerages Set Nerdy, Inc. (NYSE:NRDY) PT at $4.82

Shares of Nerdy, Inc. (NYSE:NRDY) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $4.82.

A number of equities research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $4.00 price objective on shares of Nerdy in a research note on Friday, May 17th. The Goldman Sachs Group raised their price target on shares of Nerdy from $3.25 to $3.75 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Nerdy in a report on Monday, March 11th. They issued an “overweight” rating and a $5.00 price objective for the company.

Nerdy Price Performance

NYSE NRDY opened at $1.65 on Friday. Nerdy has a 1 year low of $1.47 and a 1 year high of $5.37. The company has a market capitalization of $289.91 million, a PE ratio of -5.89 and a beta of 1.75. The company has a fifty day moving average of $2.07 and a 200 day moving average of $2.72.

Nerdy (NYSE:NRDY) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. The business had revenue of $53.73 million during the quarter, compared to analysts’ expectations of $52.20 million. Nerdy had a negative return on equity of 41.24% and a negative net margin of 14.49%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) EPS. Research analysts expect that Nerdy will post -0.31 earnings per share for the current year.

Insider Buying and Selling at Nerdy

In related news, insider Christopher C. Swenson sold 30,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $2.53, for a total transaction of $75,900.00. Following the completion of the transaction, the insider now owns 1,203,248 shares in the company, valued at approximately $3,044,217.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Christopher C. Swenson sold 30,000 shares of Nerdy stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $2.53, for a total value of $75,900.00. Following the sale, the insider now directly owns 1,203,248 shares of the company’s stock, valued at $3,044,217.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason H. Pello sold 37,360 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $2.07, for a total value of $77,335.20. Following the completion of the transaction, the chief financial officer now directly owns 2,438,689 shares of the company’s stock, valued at $5,048,086.23. The disclosure for this sale can be found here. Insiders have purchased a total of 1,200,275 shares of company stock valued at $2,131,511 over the last ninety days. Corporate insiders own 31.35% of the company’s stock.

Hedge Funds Weigh In On Nerdy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bayesian Capital Management LP acquired a new stake in Nerdy in the 1st quarter valued at about $101,000. Vanguard Group Inc. grew its holdings in Nerdy by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 3,101,444 shares of the company’s stock valued at $9,025,000 after buying an additional 88,771 shares in the last quarter. ACR Alpine Capital Research LLC raised its holdings in shares of Nerdy by 15.7% during the 1st quarter. ACR Alpine Capital Research LLC now owns 952,062 shares of the company’s stock worth $2,770,000 after acquiring an additional 129,090 shares during the period. Greenvale Capital LLP raised its stake in Nerdy by 2.9% during the fourth quarter. Greenvale Capital LLP now owns 8,490,996 shares of the company’s stock worth $29,124,000 after purchasing an additional 240,996 shares during the period. Finally, S Squared Technology LLC raised its position in shares of Nerdy by 582.6% during the 4th quarter. S Squared Technology LLC now owns 204,786 shares of the company’s stock valued at $702,000 after buying an additional 174,786 shares during the period. 39.10% of the stock is currently owned by institutional investors and hedge funds.

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.