Nerdy (NRDY) to Release Earnings on Tuesday

Nerdy (NYSE:NRDY) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Nerdy has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Nerdy (NYSE:NRDY) last released its earnings results on Tuesday, February 27th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.06. Nerdy had a negative return on equity of 48.96% and a negative net margin of 20.77%. The business had revenue of $55.10 million for the quarter, compared to the consensus estimate of $54.77 million. During the same period in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 31.8% compared to the same quarter last year. On average, analysts expect Nerdy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nerdy Price Performance

Shares of NYSE:NRDY opened at $2.66 on Friday. The company has a market capitalization of $462.07 million, a PE ratio of -6.33 and a beta of 1.90. The business has a fifty day moving average price of $2.81 and a 200-day moving average price of $2.97. Nerdy has a 1-year low of $2.31 and a 1-year high of $5.37.

Wall Street Analyst Weigh In

NRDY has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $4.00 target price on shares of Nerdy in a report on Wednesday, February 28th. JPMorgan Chase & Co. assumed coverage on Nerdy in a research report on Monday, March 11th. They issued an “overweight” rating and a $5.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $4.71.

Insider Transactions at Nerdy

In related news, CEO Charles K. Cohn bought 67,991 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average price of $2.88 per share, for a total transaction of $195,814.08. Following the completion of the acquisition, the chief executive officer now owns 10,855,579 shares of the company’s stock, valued at approximately $31,264,067.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Christopher C. Swenson sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were 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 directly owns 1,203,248 shares in the company, valued at $3,044,217.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles K. Cohn bought 67,991 shares of Nerdy stock in a transaction on Monday, March 11th. The shares were acquired at an average cost of $2.88 per share, with a total value of $195,814.08. Following the completion of the acquisition, the chief executive officer now owns 10,855,579 shares of the company’s stock, valued at approximately $31,264,067.52. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 217,991 shares of company stock worth $629,314 and sold 126,091 shares worth $370,371. Company insiders own 31.35% of the company’s stock.

About Nerdy

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.