Nerdy, Inc. (NYSE:NRDY – Get Free Report) insider Christopher C. Swenson sold 30,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $2.53, for a total transaction of $75,900.00. Following the completion of the sale, the insider now owns 1,203,248 shares in the company, valued at $3,044,217.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Nerdy Stock Down 0.8 %
Shares of NYSE:NRDY opened at $2.61 on Friday. Nerdy, Inc. has a 12 month low of $2.31 and a 12 month high of $5.37. The company’s fifty day simple moving average is $2.86 and its 200 day simple moving average is $3.01. The firm has a market cap of $453.38 million, a price-to-earnings ratio of -6.21 and a beta of 1.90.
Nerdy (NYSE:NRDY – Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. Nerdy had a negative net margin of 20.77% and a negative return on equity of 48.96%. The business had revenue of $55.10 million for the quarter, compared to analyst estimates of $54.77 million. During the same period last year, the business posted ($0.13) earnings per share. The firm’s quarterly revenue was up 31.8% on a year-over-year basis. Research analysts expect that Nerdy, Inc. will post -0.33 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Nerdy
Wall Street Analysts Forecast Growth
NRDY has been the topic of several analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Nerdy in a report on Monday, March 11th. They issued an “overweight” rating and a $5.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $4.00 target price on shares of Nerdy in a report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4.71.
View Our Latest Research Report on NRDY
Nerdy Company Profile
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.
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