$47.06 Million in Sales Expected for Nerdy, Inc. (NYSE:NRDY) This Quarter

Equities analysts predict that Nerdy, Inc. (NYSE:NRDYGet Rating) will post sales of $47.06 million for the current quarter, according to Zacks. Three analysts have issued estimates for Nerdy’s earnings, with the highest sales estimate coming in at $47.40 million and the lowest estimate coming in at $46.50 million. Nerdy posted sales of $34.57 million during the same quarter last year, which would indicate a positive year over year growth rate of 36.1%. The business is scheduled to report its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Nerdy will report full year sales of $198.05 million for the current financial year, with estimates ranging from $197.10 million to $199.04 million. For the next fiscal year, analysts expect that the business will report sales of $262.67 million, with estimates ranging from $253.50 million to $267.51 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Nerdy.

Nerdy (NYSE:NRDYGet Rating) last issued its quarterly 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 net margin of 7.00% and a negative return on equity of 117.54%. The business had revenue of $42.02 million during the quarter, compared to analyst estimates of $41.65 million.

Several research firms recently issued reports on NRDY. 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. Barclays reduced their target price on shares of Nerdy from $9.00 to $5.00 in a research note on Tuesday, March 1st. Cantor Fitzgerald started coverage on shares of Nerdy in a research note on Tuesday, March 29th. They set an “overweight” rating and a $7.00 price target for the company. JMP Securities reduced their price objective on shares of Nerdy from $13.00 to $11.00 and set a “market outperform” rating on the stock in a research note on Tuesday, March 1st. Finally, Zacks Investment Research raised shares of Nerdy from a “sell” rating to a “hold” rating in a report on Thursday, January 20th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $9.67.

NYSE NRDY opened at $2.84 on Monday. The stock has a market capitalization of $448.99 million, a P/E ratio of -23.66 and a beta of 0.52. Nerdy has a 52 week low of $2.53 and a 52 week high of $13.49. The stock has a fifty day moving average of $4.17 and a 200-day moving average of $4.92.

In other Nerdy 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 cost of $4.52 per share, for a total transaction of $1,000,764.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 31.08% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Citigroup Inc. acquired a new stake in shares of Nerdy in the 1st quarter valued at about $55,000. Clear Harbor Asset Management LLC bought a new position in shares of Nerdy during the first quarter worth about $74,000. Sciencast Management LP acquired a new stake in Nerdy in the 1st quarter valued at approximately $99,000. Davy Global Fund Management Ltd acquired a new stake in Nerdy in the 1st quarter valued at approximately $164,000. Finally, Renaissance Technologies LLC lifted its stake in Nerdy by 241.3% in the 1st quarter. Renaissance Technologies LLC now owns 106,500 shares of the company’s stock valued at $542,000 after acquiring an additional 75,300 shares in the last quarter. 56.01% of the stock is currently owned by hedge funds and other 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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