Nerdy (NYSE:NRDY) Issues Earnings Results

Nerdy (NYSE:NRDY - Get Free Report) posted its earnings results on Thursday. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.05, Zacks reports. Nerdy had a negative net margin of 19.31% and a negative return on equity of 47.45%. The firm had revenue of $47.99 million during the quarter, compared to the consensus estimate of $44.99 million. Nerdy updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Nerdy Price Performance

NYSE NRDY traded up $0.04 during mid-day trading on Monday, hitting $1.56. The company's stock had a trading volume of 1,809,425 shares, compared to its average volume of 1,285,977. The firm has a market capitalization of $281.39 million, a P/E ratio of -4.59 and a beta of 1.98. Nerdy has a 52-week low of $0.73 and a 52-week high of $3.28. The stock's fifty day simple moving average is $1.74 and its two-hundred day simple moving average is $1.35.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut Nerdy from a "neutral" rating to an "underweight" rating in a report on Monday, November 11th. JMP Securities restated a "market perform" rating on shares of Nerdy in a report on Friday, November 8th. Northland Securities lowered their price target on shares of Nerdy from $3.00 to $2.00 and set a "market perform" rating for the company in a report on Friday, November 8th. The Goldman Sachs Group upped their price objective on shares of Nerdy from $1.00 to $1.50 and gave the company a "neutral" rating in a research note on Monday. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $1.00 target price (down previously from $6.00) on shares of Nerdy in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $2.61.

Insiders Place Their Bets

In other news, insider Christopher C. Swenson sold 25,000 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $1.49, for a total value of $37,250.00. Following the completion of the sale, the insider now owns 1,743,248 shares of the company's stock, valued at $2,597,439.52. This represents a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles K. Cohn bought 2,000,000 shares of the stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $1.99 per share, with a total value of $3,980,000.00. Following the purchase, the chief executive officer now owns 30,509,191 shares of the company's stock, valued at approximately $60,713,290.09. This represents a 7.02 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 3,026,758 shares of company stock worth $5,654,207 and sold 194,843 shares worth $344,177. 31.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Nerdy

A hedge fund recently raised its stake in Nerdy stock. Bank of America Corp DE increased its position in Nerdy, Inc. (NYSE:NRDY - Free Report) by 41.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission. 39.10% of the stock is owned by institutional investors and hedge funds.

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.