Brokerages Set Nerdy, Inc. (NYSE:NRDY) Price Target at $2.31

Nerdy, Inc. (NYSE:NRDY) has received an average rating of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $2.31.

Separately, The Goldman Sachs Group increased their target price on Nerdy from $1.00 to $1.50 and gave the stock a “neutral” rating in a report on Monday, March 3rd.

Insider Activity

In other Nerdy news, insider Christopher C. Swenson sold 19,126 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $1.54, for a total transaction of $29,454.04. Following the sale, the insider now directly owns 1,665,902 shares of the company’s stock, valued at approximately $2,565,489.08. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jason H. Pello sold 31,877 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $1.54, for a total transaction of $49,090.58. Following the completion of the sale, the chief financial officer now owns 2,036,928 shares of the company’s stock, valued at approximately $3,136,869.12. This represents a 1.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 126,003 shares of company stock worth $191,795 in the last quarter. Corporate insiders own 50.94% of the company’s stock.

Institutional Investors Weigh In On Nerdy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its position in Nerdy by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,750,860 shares of the company’s stock worth $2,837,000 after buying an additional 32,213 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Nerdy by 12.2% during the 4th quarter. Northern Trust Corp now owns 684,590 shares of the company’s stock worth $1,109,000 after acquiring an additional 74,233 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Nerdy during the 1st quarter worth approximately $649,000. Nuveen Asset Management LLC raised its stake in Nerdy by 99.5% in the 4th quarter. Nuveen Asset Management LLC now owns 410,523 shares of the company’s stock valued at $665,000 after acquiring an additional 204,760 shares during the period. Finally, Nuveen LLC acquired a new stake in Nerdy during the 1st quarter valued at $508,000. 39.10% of the stock is owned by institutional investors.

Nerdy Price Performance

NYSE NRDY opened at $1.70 on Friday. Nerdy has a one year low of $0.73 and a one year high of $2.18. The firm has a market cap of $310.16 million, a P/E ratio of -5.00 and a beta of 1.92. The stock’s 50-day moving average is $1.53 and its 200-day moving average is $1.56.

Nerdy (NYSE:NRDY) last announced its earnings results on Thursday, May 8th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.05. Nerdy had a negative net margin of 19.31% and a negative return on equity of 47.45%. The firm had revenue of $47.60 million for the quarter, compared to the consensus estimate of $46.22 million. Equities analysts anticipate that Nerdy will post -0.43 EPS for the current year.

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.