Nerdy (NRDY) Scheduled to Post Quarterly Earnings on Thursday

Nerdy (NYSE:NRDY) is set to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect Nerdy to post 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Nerdy (NYSE:NRDY) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The business had revenue of $50.98 million for 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 quarter in the prior year, the firm 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 Trading Up 4.3 %

NRDY stock traded up $0.04 during mid-day trading on Tuesday, reaching $0.93. The company’s stock had a trading volume of 84,931 shares, compared to its average volume of 1,591,485. The company has a market cap of $166.44 million, a price-to-earnings ratio of -2.72 and a beta of 1.68. Nerdy has a 12 month low of $0.73 and a 12 month high of $3.60. The business’s 50 day moving average price is $0.99 and its 200 day moving average price is $1.50.

Insider Buying and Selling at Nerdy

In other Nerdy news, CFO Jason H. Pello sold 30,282 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $0.99, for a total transaction of $29,979.18. Following the completion of the transaction, the chief financial officer now owns 2,325,918 shares in the company, valued at $2,302,658.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 30,282 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $0.99, for a total transaction of $29,979.18. Following the completion of the sale, the chief financial officer now owns 2,325,918 shares in the company, valued at $2,302,658.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders purchased a total of 13,212,528 shares of company stock valued at $12,063,972 in the last three months. 31.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Canaccord Genuity Group reaffirmed a “hold” rating and set a $3.00 price target (down from $5.00) on shares of Nerdy in a research report on Friday, August 9th. Raymond James downgraded Nerdy from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Northland Capmk downgraded shares of Nerdy from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. JMP Securities reduced their target price on shares of Nerdy from $5.00 to $3.00 and set a “market outperform” rating for the company in a research note on Friday, August 9th. Finally, Canaccord Genuity Group cut shares of Nerdy from a “buy” rating to a “hold” rating and dropped their price target for the company from $5.00 to $3.00 in a research note on Friday, August 9th. Eight equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.58.

About Nerdy

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.