Nerdy (NRDY) Expected to Announce Earnings on Thursday

Nerdy (NYSE:NRDY - Get Free Report) will likely be announcing its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $44.99 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Nerdy Stock Performance

NYSE:NRDY traded down $0.06 during mid-day trading on Friday, hitting $1.66. The company had a trading volume of 1,118,528 shares, compared to its average volume of 1,243,213. Nerdy has a fifty-two week low of $0.73 and a fifty-two week high of $3.28. The firm has a market cap of $298.53 million, a P/E ratio of -4.87 and a beta of 1.98. The business's fifty day moving average is $1.76 and its two-hundred day moving average is $1.33.

Analyst Upgrades and Downgrades

NRDY has been the topic of a number of analyst reports. Northland Securities cut their price target on shares of Nerdy from $3.00 to $2.00 and set a "market perform" rating on the stock in a research report on Friday, November 8th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $1.00 target price (down from $6.00) on shares of Nerdy in a report on Friday, November 8th. Needham & Company LLC reissued a "buy" rating and issued a $2.00 price target on shares of Nerdy in a report on Friday, November 8th. JPMorgan Chase & Co. cut shares of Nerdy from a "neutral" rating to an "underweight" rating in a research report on Monday, November 11th. Finally, JMP Securities reiterated a "market perform" rating on shares of Nerdy in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $2.86.

Insiders Place Their Bets

In other Nerdy news, CFO Jason H. Pello sold 81,381 shares of Nerdy stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1.80, for a total value of $146,485.80. Following the sale, the chief financial officer now directly owns 2,143,805 shares in the company, valued at approximately $3,858,849. The trade was a 3.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles K. Cohn acquired 2,000,000 shares of Nerdy stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $1.99 per share, with a total value of $3,980,000.00. Following the completion of the purchase, the chief executive officer now owns 30,509,191 shares in the company, valued at approximately $60,713,290.09. The trade was a 7.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 3,366,387 shares of company stock worth $6,146,047 and sold 194,843 shares worth $344,177. Corporate insiders own 31.35% of the company's stock.

Institutional Trading of Nerdy

An institutional investor recently raised its position in Nerdy stock. Bank of America Corp DE raised its stake in Nerdy, Inc. (NYSE:NRDY - Free Report) by 41.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,565 shares of the company's stock after purchasing an additional 17,889 shares during the quarter. Bank of America Corp DE's holdings in Nerdy were worth $98,000 at the end of the most recent reporting period. 39.10% of the stock is currently owned by hedge funds and other institutional investors.

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.