Nerdy (NYSE:NRDY - Free Report) had its target price cut by Northland Securities from $3.00 to $2.00 in a research report report published on Friday morning,Benzinga reports. They currently have a market perform rating on the stock.
Other research analysts have also issued reports about the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $2.00 price objective on shares of Nerdy in a research note on Friday. Barclays dropped their price target on shares of Nerdy from $4.00 to $3.00 and set an "equal weight" rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Nerdy from an "overweight" rating to a "neutral" rating in a research report on Friday, August 9th. Canaccord Genuity Group restated a "hold" rating and set a $3.00 target price (down previously from $5.00) on shares of Nerdy in a research report on Friday, August 9th. Finally, Northland Capmk downgraded Nerdy from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $2.98.
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Nerdy Stock Down 6.9 %
Shares of NYSE:NRDY traded down $0.06 during trading on Friday, reaching $0.83. The company's stock had a trading volume of 3,653,322 shares, compared to its average volume of 1,183,026. Nerdy has a 12 month low of $0.73 and a 12 month high of $3.60. The firm's 50 day simple moving average is $0.98 and its two-hundred day simple moving average is $1.48.
Nerdy (NYSE:NRDY - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.04. The business had revenue of $50.98 million during the quarter, compared to analyst estimates of $51.14 million. Nerdy had a negative return on equity of 41.05% and a negative net margin of 17.23%. During the same period last year, the company earned ($0.07) EPS. As a group, equities research analysts predict that Nerdy will post -0.48 earnings per share for the current year.
Insider Buying and Selling at Nerdy
In other news, CFO Jason H. Pello sold 50,903 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $0.85, for a total transaction of $43,267.55. Following the transaction, the chief financial officer now owns 2,356,200 shares of the company's stock, valued at approximately $2,002,770. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Nerdy news, Director Abigail Blunt acquired 49,045 shares of Nerdy stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $0.91 per share, with a total value of $44,630.95. Following the completion of the purchase, the director now directly owns 50,045 shares of the company's stock, valued at approximately $45,540.95. This represents a 4,900.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason H. Pello sold 50,903 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $0.85, for a total value of $43,267.55. Following the sale, the chief financial officer now directly owns 2,356,200 shares in the company, valued at $2,002,770. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders bought a total of 13,212,528 shares of company stock valued at $12,063,972 in the last ninety days. Corporate insiders own 31.35% of the company's stock.
Institutional Investors Weigh In On Nerdy
A number of institutional investors have recently added to or reduced their stakes in NRDY. nVerses Capital LLC bought a new position in Nerdy in the second quarter worth about $34,000. SG Americas Securities LLC purchased a new stake in Nerdy during the third quarter valued at approximately $29,000. AM Investment Strategies LLC acquired a new stake in Nerdy in the third quarter valued at approximately $29,000. Bayesian Capital Management LP purchased a new position in Nerdy in the first quarter worth $101,000. Finally, Rhumbline Advisers increased its position in shares of Nerdy by 11.6% during the second quarter. Rhumbline Advisers now owns 84,739 shares of the company's stock worth $142,000 after purchasing an additional 8,834 shares in the last quarter. Institutional investors own 39.10% of the company's stock.
About Nerdy
(
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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.
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