Nerdy (NRDY) Scheduled to Post Earnings on Monday

Nerdy (NYSE:NRDYGet Rating) will release its earnings data after the market closes on Monday, May 16th. Analysts expect Nerdy to post earnings of ($0.23) per share for the quarter. Nerdy has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Nerdy (NYSE:NRDYGet Rating) last announced its earnings results on Monday, February 28th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.39. Nerdy had a negative return on equity of 117.54% and a negative net margin of 7.00%. The company had revenue of $42.02 million during the quarter, compared to analyst estimates of $41.65 million. On average, analysts expect Nerdy to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of NYSE:NRDY opened at $3.38 on Monday. Nerdy has a twelve month low of $3.25 and a twelve month high of $13.49. The firm has a market cap of $534.36 million, a PE ratio of -28.16 and a beta of 0.52. The business has a fifty day moving average of $4.32 and a 200-day moving average of $5.11.

A number of brokerages have recently weighed in on NRDY. Zacks Investment Research upgraded Nerdy from a “sell” rating to a “hold” rating in a research note on Thursday, January 20th. Cantor Fitzgerald started coverage on Nerdy in a report on Tuesday, March 29th. They issued an “overweight” rating and a $7.00 price target on the stock. JMP Securities decreased their price target on Nerdy from $13.00 to $11.00 and set a “market outperform” rating on the stock in a report on Tuesday, March 1st. Raymond James decreased their price target on Nerdy from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, March 1st. Finally, Barclays decreased their price target on Nerdy from $9.00 to $5.00 in a report on Tuesday, March 1st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nerdy presently has a consensus rating of “Buy” and an average price target of $9.67.

In related news, CEO Charles K. Cohn bought 221,408 shares of Nerdy stock in a transaction on Wednesday, March 2nd. The shares were purchased at an average price of $4.52 per share, for a total transaction of $1,000,764.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 31.08% of the stock is currently owned by company insiders.

A hedge fund recently raised its stake in Nerdy stock. Bank of America Corp DE lifted its holdings in shares of Nerdy, Inc. (NYSE:NRDYGet Rating) by 13.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,160 shares of the company’s stock after purchasing an additional 6,767 shares during the quarter. Bank of America Corp DE owned 0.10% of Nerdy worth $558,000 at the end of the most recent quarter. 56.01% of the stock is currently owned by institutional investors.

About Nerdy (Get Rating)

Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including AI, to connect learners of various ages to experts, delivering value on both sides of the network. Its learning destination provides learning experiences across various subjects and multiple formats, including one-on-one instruction, small group classes, large format group classes, and adaptive self-study.

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Earnings History for Nerdy (NYSE:NRDY)

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