Nerdy (NYSE:NRDY) Rating Lowered to “Sell” at Wall Street Zen

Nerdy (NYSE:NRDY) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other brokerages have also recently weighed in on NRDY. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nerdy in a research note on Wednesday, October 8th. Cantor Fitzgerald reduced their price target on shares of Nerdy from $1.50 to $1.00 and set a “neutral” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $1.25.

Nerdy Stock Performance

NRDY opened at $0.85 on Friday. Nerdy has a one year low of $0.75 and a one year high of $2.18. The company has a market cap of $158.67 million, a P/E ratio of -2.44 and a beta of 1.82. The business’s 50-day simple moving average is $1.20 and its 200-day simple moving average is $1.44.

Nerdy (NYSE:NRDY) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. The firm had revenue of $37.02 million during the quarter, compared to the consensus estimate of $38.77 million. Nerdy had a negative return on equity of 81.74% and a negative net margin of 22.95%. Nerdy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts predict that Nerdy will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Nerdy

In related news, CFO Jason H. Pello sold 52,866 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $1.27, for a total transaction of $67,139.82. Following the transaction, the chief financial officer owned 1,877,738 shares of the company’s stock, valued at $2,384,727.26. This represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Abigail Blunt bought 25,000 shares of Nerdy stock in a transaction on Friday, August 29th. The stock was acquired at an average cost of $1.36 per share, with a total value of $34,000.00. Following the acquisition, the director owned 226,000 shares of the company’s stock, valued at $307,360. This trade represents a 12.44% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 139,853 shares of company stock valued at $177,613. Corporate insiders own 50.94% of the company’s stock.

Hedge Funds Weigh In On Nerdy

A number of large investors have recently made changes to their positions in NRDY. AQR Capital Management LLC lifted its stake in shares of Nerdy by 67.9% in the first quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock valued at $53,000 after purchasing an additional 15,234 shares during the period. Franklin Resources Inc. lifted its position in shares of Nerdy by 0.4% during the 2nd quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company’s stock valued at $5,950,000 after acquiring an additional 15,674 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Nerdy by 8.0% during the 1st quarter. Bank of New York Mellon Corp now owns 223,757 shares of the company’s stock valued at $318,000 after acquiring an additional 16,613 shares during the period. Jane Street Group LLC boosted its stake in shares of Nerdy by 27.0% during the 2nd quarter. Jane Street Group LLC now owns 83,470 shares of the company’s stock worth $136,000 after acquiring an additional 17,768 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Nerdy by 41.9% in the 4th quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock worth $98,000 after acquiring an additional 17,889 shares during the period. Hedge funds and other institutional investors own 39.10% of the company’s stock.

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.