Nerdy (NYSE:NRDY - Get Free Report) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter. Nerdy has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that are interested in participating in the company's conference call can do so using this link.
Nerdy (NYSE:NRDY - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.04. Nerdy had a negative net margin of 17.23% and a negative return on equity of 41.05%. The company had revenue of $50.98 million during the quarter, compared to analysts' expectations of $51.14 million. During the same period last year, the company posted ($0.07) earnings per share. On average, analysts expect Nerdy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Nerdy Price Performance
Shares of NRDY stock traded down $0.02 during trading hours on Thursday, hitting $0.91. The stock had a trading volume of 1,208,979 shares, compared to its average volume of 1,592,922. The stock has a market capitalization of $162.13 million, a price-to-earnings ratio of -2.83 and a beta of 1.67. The stock's 50-day moving average price is $1.00 and its two-hundred day moving average price is $1.54. Nerdy has a one year low of $0.73 and a one year high of $3.60.
Insider Activity at Nerdy
In other Nerdy news, CFO Jason H. Pello sold 50,903 shares of the company's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $0.85, for a total transaction of $43,267.55. Following the completion of the transaction, the chief financial officer now directly owns 2,356,200 shares in the company, valued at approximately $2,002,770. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Jason H. Pello sold 50,903 shares of Nerdy stock in a transaction dated Friday, August 16th. The stock was 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 approximately $2,002,770. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles K. Cohn bought 10,993,192 shares of Nerdy stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $0.89 per share, with a total value of $9,783,940.88. Following the acquisition, the chief executive officer now directly owns 13,110,718 shares of the company's stock, valued at approximately $11,668,539.02. The trade was a 500.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 13,212,528 shares of company stock worth $12,063,972. 31.35% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on NRDY shares. Canaccord Genuity Group restated a "hold" rating and issued a $3.00 price target (down previously from $5.00) on shares of Nerdy in a research report on Friday, August 9th. Canaccord Genuity Group downgraded Nerdy from a "buy" rating to a "hold" rating and decreased their price objective for the company from $5.00 to $3.00 in a research report on Friday, August 9th. Needham & Company LLC decreased their price target on Nerdy from $4.00 to $2.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Barclays cut their price target on Nerdy from $4.00 to $3.00 and set an "equal weight" rating on the stock in a research note on Friday, August 9th. Finally, Northland Capmk downgraded shares of Nerdy from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th. Eight equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Nerdy presently has an average rating of "Hold" and an average price target of $3.58.
Read Our Latest Research Report on Nerdy
About Nerdy
(
Get Free Report)
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.
Featured Articles
Before you consider Nerdy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nerdy wasn't on the list.
While Nerdy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
