Nerdy (NYSE:NRDY) Issues Earnings Results, Beats Estimates By $0.05 EPS

Nerdy (NYSE:NRDY) announced its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share 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%. Nerdy updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Nerdy Trading Down 0.9 %

NRDY stock traded down $0.02 during mid-day trading on Thursday, reaching $1.60. The company’s stock had a trading volume of 1,282,496 shares, compared to its average volume of 1,253,838. The stock has a market cap of $287.70 million, a PE ratio of -4.69 and a beta of 1.98. Nerdy has a fifty-two week low of $0.73 and a fifty-two week high of $3.28. The company’s 50 day moving average is $1.75 and its two-hundred day moving average is $1.33.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Northland Securities lowered their target price on shares of Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a research note on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Nerdy in a research report on Friday, November 8th. Cantor Fitzgerald restated a “neutral” rating and set a $1.00 price objective (down from $6.00) on shares of Nerdy in a research report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and issued a $2.00 target price on shares of Nerdy in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. downgraded shares of Nerdy from a “neutral” rating to an “underweight” rating in a research report on Monday, November 11th. One equities 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’s stock. According to data from MarketBeat, Nerdy currently has an average rating of “Hold” and a consensus price target of $2.86.

Insider Buying and Selling at Nerdy

In other news, CEO Charles K. Cohn purchased 2,000,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was acquired at an average price of $1.99 per share, with a total value of $3,980,000.00. Following the purchase, the chief executive officer now directly owns 30,509,191 shares in the company, valued at approximately $60,713,290.09. This represents a 7.02 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jason H. Pello sold 30,242 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $1.84, for a total transaction of $55,645.28. Following the completion of the transaction, the chief financial officer now owns 2,225,186 shares in the company, valued at approximately $4,094,342.24. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 3,066,387 shares of company stock worth $5,714,047 and sold 194,843 shares worth $344,177. 31.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nerdy stock. Bank of America Corp DE boosted its position in Nerdy, Inc. (NYSE:NRDY) by 41.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,565 shares of the company’s stock after acquiring an additional 17,889 shares during the quarter. Bank of America Corp DE’s holdings in Nerdy were worth $98,000 at the end of the most recent quarter. 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.