Nerdy (NYSE:NRDY) Releases Quarterly Earnings Results

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

Nerdy Price Performance

Shares of NYSE:NRDY traded up $0.04 during trading on Monday, hitting $1.56. 1,809,503 shares of the company were exchanged, compared to its average volume of 1,286,967. The firm's 50 day moving average price is $1.74 and its 200-day moving average price is $1.35. Nerdy has a 12-month low of $0.73 and a 12-month high of $3.28. The stock has a market capitalization of $281.39 million, a P/E ratio of -4.59 and a beta of 1.98.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NRDY shares. The Goldman Sachs Group increased their price target on Nerdy from $1.00 to $1.50 and gave the company a "neutral" rating in a research report on Monday. JPMorgan Chase & Co. lowered shares of Nerdy from a "neutral" rating to an "underweight" rating in a research note on Monday, November 11th. Needham & Company LLC reiterated a "buy" rating and issued a $2.00 price target on shares of Nerdy in a research note on Friday, November 8th. Cantor Fitzgerald reissued a "neutral" rating and issued a $1.00 price objective (down from $6.00) on shares of Nerdy in a research report on Friday, November 8th. Finally, Northland Securities reduced their price objective on shares of Nerdy from $3.00 to $2.00 and set a "market perform" rating on the stock 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 assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $2.61.

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Insider Activity at Nerdy

In other news, insider Christopher C. Swenson sold 58,220 shares of Nerdy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1.80, for a total transaction of $104,796.00. Following the sale, the insider now owns 1,685,028 shares in the company, valued at approximately $3,033,050.40. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles K. Cohn bought 2,000,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $1.99 per share, with a total value of $3,980,000.00. Following the completion of the transaction, the chief executive officer now owns 30,509,191 shares in the company, valued at approximately $60,713,290.09. This trade represents a 7.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 3,026,758 shares of company stock valued at $5,654,207 and have sold 194,843 shares valued at $344,177. Insiders own 31.35% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nerdy stock. Bank of America Corp DE lifted its holdings in shares of Nerdy, Inc. (NYSE:NRDY - Free Report) by 41.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,565 shares of the company's stock after acquiring an additional 17,889 shares during the period. Bank of America Corp DE's holdings in Nerdy were worth $98,000 at the end of the most recent reporting 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.