Nerdy (NYSE:NRDY) Raised to Hold at Wall Street Zen

Nerdy (NYSE:NRDY) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Nerdy in a research note on Thursday, October 15th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $15.00.

Nerdy Stock Up 0.2%

Shares of NYSE NRDY opened at $6.15 on Friday. The stock has a market capitalization of $78.60 million, a P/E ratio of -1.64 and a beta of 1.79. Nerdy has a one year low of $5.48 and a one year high of $22.35. The firm’s 50 day simple moving average is $8.42 and its two-hundred day simple moving average is $11.38. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.70 and a quick ratio of 2.70.

Nerdy (NYSE:NRDY) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.71. The firm had revenue of $43.23 million during the quarter, compared to analyst estimates of $43.00 million. Nerdy had a negative net margin of 16.99% and a negative return on equity of 100.13%. As a group, analysts expect that Nerdy will post -2.55 EPS for the current fiscal year.

Nerdy Company Profile

Nerdy, Inc (NYSE: NRDY) is an education technology company that operates an online learning platform designed to connect learners with instructors and other educational resources. Its platform is primarily offered through the Varsity Tutors brand.

The company provides live, online instruction across a broad range of subjects and learning needs. Its offerings include one-on-one tutoring, small-group classes, test preparation, academic support, language learning, admissions assistance and professional development.