Nerdy, Inc. (NYSE:NRDY – Get Free Report) CFO Jason H. Pello sold 50,903 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 2,356,200 shares in the company, valued at $2,002,770. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Nerdy Stock Up 3.4 %
Nerdy stock opened at $1.08 on Thursday. The stock has a 50-day moving average price of $1.55 and a 200 day moving average price of $2.24. The company has a market capitalization of $188.88 million, a price-to-earnings ratio of -3.84 and a beta of 1.73. Nerdy, Inc. has a 52 week low of $0.73 and a 52 week high of $5.13.
Nerdy (NYSE:NRDY – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.08) 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 analysts’ expectations of $51.14 million. Nerdy had a negative net margin of 17.23% and a negative return on equity of 41.05%. During the same period in the previous year, the business posted ($0.07) EPS. Research analysts anticipate that Nerdy, Inc. will post -0.31 EPS for the current fiscal year.
Institutional Investors Weigh In On Nerdy
Analyst Upgrades and Downgrades
NRDY has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut shares of Nerdy from an “overweight” rating to a “neutral” rating in a research report on Friday, August 9th. Canaccord Genuity Group cut Nerdy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $5.00 to $3.00 in a research report on Friday, August 9th. Raymond James lowered Nerdy from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Northland Securities downgraded Nerdy from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $5.00 to $3.00 in a report on Friday, August 9th. Finally, JMP Securities cut their price objective on shares of Nerdy from $5.00 to $3.00 and set a “market outperform” rating on the stock 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $3.58.
View Our Latest Report on NRDY
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.
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