Nerdy (NRDY) to Release Earnings on Thursday

Nerdy (NYSE:NRDY) will release its earnings data 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.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Nerdy (NYSE:NRDY) last announced its earnings results on Thursday, August 8th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. Nerdy had a negative return on equity of 41.05% and a negative net margin of 17.23%. The firm had revenue of $50.98 million for the quarter, compared to the consensus estimate of $51.14 million. During the same quarter in the previous year, the business earned ($0.07) EPS. 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 NYSE NRDY opened at $0.90 on Wednesday. Nerdy has a twelve month low of $0.73 and a twelve month high of $3.60. The stock’s 50 day moving average price is $0.99 and its 200-day moving average price is $1.50. The company has a market capitalization of $160.32 million, a PE ratio of -2.73 and a beta of 1.68.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NRDY shares. Northland Capmk downgraded Nerdy from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Canaccord Genuity Group reiterated a “hold” rating and issued a $3.00 price objective (down previously from $5.00) on shares of Nerdy in a research note on Friday, August 9th. Canaccord Genuity Group downgraded Nerdy from a “buy” rating to a “hold” rating and dropped their price objective for the company from $5.00 to $3.00 in a research note 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. Finally, Northland Securities downgraded Nerdy from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $5.00 to $3.00 in a research report 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 MarketBeat.com, Nerdy presently has an average rating of “Hold” and a consensus target price of $3.58.

Insider Transactions at Nerdy

In other news, CFO Jason H. Pello sold 30,282 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $0.99, for a total value of $29,979.18. Following the transaction, the chief financial officer now owns 2,325,918 shares of the company’s stock, valued at approximately $2,302,658.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Abigail Blunt purchased 49,045 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $0.91 per share, with a total value of $44,630.95. Following the completion of the acquisition, the director now owns 50,045 shares in the company, valued at $45,540.95. This trade represents a 4,900.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jason H. Pello sold 30,282 shares of the company’s stock in a transaction on Monday, September 16th. The stock was 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 directly owns 2,325,918 shares in the company, valued at approximately $2,302,658.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 13,212,528 shares of company stock valued at $12,063,972. 31.35% of the stock is currently owned by company insiders.

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.