Nerdy (NYSE:NRDY) Posts Earnings Results, Beats Expectations By $0.04 EPS

Nerdy (NYSE:NRDY) issued its quarterly earnings results on Tuesday. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04, Briefing.com reports. Nerdy had a negative return on equity of 48.96% and a negative net margin of 20.77%. The firm had revenue of $53.73 million for the quarter, compared to analysts’ expectations of $52.20 million. During the same period in the previous year, the firm posted ($0.12) EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year.

Nerdy Stock Down 3.4 %

NRDY traded down $0.08 during mid-day trading on Friday, reaching $2.24. 521,154 shares of the company traded hands, compared to its average volume of 1,114,916. The stock has a market capitalization of $389.11 million, a P/E ratio of -5.51 and a beta of 1.90. The company’s fifty day moving average price is $2.78 and its 200-day moving average price is $2.95. Nerdy has a 52-week low of $1.92 and a 52-week high of $5.37.

Insider Buying and Selling at Nerdy

In other news, CFO Jason H. Pello sold 41,896 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $131,134.48. Following the completion of the sale, the chief financial officer now owns 1,505,244 shares of the company’s stock, valued at approximately $4,711,413.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Jason H. Pello sold 41,896 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $131,134.48. Following the completion of the sale, the chief financial officer now owns 1,505,244 shares of the company’s stock, valued at approximately $4,711,413.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christopher C. Swenson sold 25,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $2.96, for a total transaction of $74,000.00. Following the sale, the insider now directly owns 1,233,248 shares of the company’s stock, valued at approximately $3,650,414.08. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 217,991 shares of company stock worth $629,314 and sold 126,091 shares worth $370,371. Company insiders own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NRDY. JPMorgan Chase & Co. began coverage on shares of Nerdy in a report on Monday, March 11th. They issued an “overweight” rating and a $5.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $4.00 price objective on shares of Nerdy in a report on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on shares of Nerdy from $3.25 to $3.75 and gave the stock a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4.82.

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.