Nerdy (NYSE:NRDY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Nerdy (NYSE:NRDY) from a sell rating to a hold rating in a research note issued to investors on Sunday morning.

A number of other equities analysts have also recently weighed in on NRDY. Cantor Fitzgerald reduced their price target on Nerdy from $1.50 to $1.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Nerdy in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $1.25.

Nerdy Stock Performance

Shares of NYSE NRDY opened at $0.84 on Friday. The company has a market capitalization of $157.74 million, a PE ratio of -2.41 and a beta of 1.82. The company’s fifty day moving average price is $1.14 and its 200 day moving average price is $1.41. Nerdy has a 1 year low of $0.77 and a 1 year high of $2.18.

Nerdy (NYSE:NRDY) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.06. Nerdy had a negative net margin of 22.95% and a negative return on equity of 81.74%. The business had revenue of $37.02 million during the quarter, compared to the consensus estimate of $38.77 million. Nerdy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts expect that Nerdy will post -0.43 EPS for the current year.

Insider Activity at Nerdy

In other Nerdy news, CFO Jason H. Pello sold 43,969 shares of Nerdy stock in a transaction on Monday, November 17th. The shares were sold at an average price of $0.84, for a total transaction of $36,933.96. Following the sale, the chief financial officer owned 1,803,055 shares of the company’s stock, valued at $1,514,566.20. The trade was a 2.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Abigail Blunt bought 25,000 shares of Nerdy stock in a transaction dated Friday, August 29th. The stock was acquired at an average price of $1.36 per share, with a total value of $34,000.00. Following the completion of the transaction, the director directly owned 226,000 shares of the company’s stock, valued at approximately $307,360. The trade was a 12.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 121,921 shares of company stock valued at $123,545 over the last quarter. 50.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nerdy

A number of institutional investors and hedge funds have recently bought and sold shares of NRDY. GSA Capital Partners LLP purchased a new position in Nerdy in the 1st quarter worth approximately $649,000. Nuveen LLC acquired a new stake in shares of Nerdy in the first quarter valued at approximately $508,000. Voya Investment Management LLC purchased a new position in Nerdy during the first quarter worth approximately $30,000. XTX Topco Ltd acquired a new position in Nerdy during the first quarter worth $188,000. Finally, Bank of New York Mellon Corp grew its holdings in Nerdy by 8.0% in the 1st quarter. Bank of New York Mellon Corp now owns 223,757 shares of the company’s stock valued at $318,000 after buying an additional 16,613 shares in the last quarter. 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.