Nerdy (NRDY) to Release Earnings on Monday

Nerdy (NYSE:NRDYGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Monday, November 14th. Analysts expect Nerdy to post earnings of ($0.20) per share for the quarter. Nerdy has set its FY 2022 guidance at EPS and its Q3 2022 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Nerdy (NYSE:NRDYGet Rating) last issued its quarterly earnings results on Monday, August 15th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.11). The company had revenue of $42.19 million during the quarter, compared to analyst estimates of $38.54 million. Nerdy had a negative net margin of 7.34% and a negative return on equity of 52.87%. On average, analysts expect Nerdy to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Nerdy Stock Performance

Shares of NRDY stock opened at $2.28 on Monday. The stock has a market cap of $365.99 million, a price-to-earnings ratio of -13.41 and a beta of 1.44. The stock has a 50-day moving average of $2.44 and a 200-day moving average of $2.69. Nerdy has a 1-year low of $1.59 and a 1-year high of $8.41.

Insider Buying and Selling

In other Nerdy news, insider Heidi Robinson sold 40,000 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $2.18, for a total value of $87,200.00. Following the transaction, the insider now directly owns 1,247,550 shares of the company’s stock, valued at $2,719,659. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Nerdy news, insider Heidi Robinson sold 40,000 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $2.18, for a total value of $87,200.00. Following the transaction, the insider now directly owns 1,247,550 shares of the company’s stock, valued at $2,719,659. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles K. Cohn acquired 5,000,000 shares of the company’s stock in a transaction on Saturday, August 20th. The stock was acquired at an average cost of $3.50 per share, for a total transaction of $17,500,000.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000,000 shares of the company’s stock, valued at approximately $35,000,000. The disclosure for this purchase can be found here. 31.08% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in shares of Nerdy by 29.3% during the second quarter. Goldman Sachs Group Inc. now owns 3,987,562 shares of the company’s stock valued at $8,494,000 after purchasing an additional 903,471 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Nerdy by 3.4% during the first quarter. Vanguard Group Inc. now owns 2,344,570 shares of the company’s stock valued at $11,934,000 after purchasing an additional 76,776 shares in the last quarter. Credit Suisse AG lifted its position in shares of Nerdy by 63.2% during the second quarter. Credit Suisse AG now owns 2,012,767 shares of the company’s stock valued at $4,287,000 after purchasing an additional 779,353 shares in the last quarter. State Street Corp lifted its position in shares of Nerdy by 242.1% during the second quarter. State Street Corp now owns 734,195 shares of the company’s stock valued at $1,564,000 after purchasing an additional 519,594 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Nerdy by 316.0% during the second quarter. Northern Trust Corp now owns 464,063 shares of the company’s stock worth $989,000 after buying an additional 352,516 shares during the last quarter. 75.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on Nerdy from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Wednesday, August 17th. Barclays lowered their target price on Nerdy from $4.00 to $2.50 and set an “equal weight” rating for the company in a report on Tuesday, October 18th. Finally, Needham & Company LLC raised their price objective on shares of Nerdy from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Nerdy has a consensus rating of “Moderate Buy” and a consensus target price of $5.56.

Nerdy Company Profile

(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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