Nerdy (NRDY) – Investment Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Nerdy (NYSE: NRDY) recently:

• 11/11/2024 – Nerdy was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating.
• 11/8/2024 – Nerdy had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $1.00 price target on the stock, down previously from $6.00.
• 11/8/2024 – Nerdy had its price target lowered by analysts at Northland Securities from $3.00 to $2.00. They now have a “market perform” rating on the stock.
• 11/8/2024 – Nerdy had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 11/8/2024 – Nerdy had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $2.00 price target on the stock.

Nerdy Price Performance

NRDY stock opened at $1.40 on Tuesday. Nerdy, Inc. has a twelve month low of $0.73 and a twelve month high of $3.60. The stock has a market capitalization of $251.63 million, a price-to-earnings ratio of -4.10 and a beta of 1.68. The firm’s fifty day simple moving average is $1.00 and its two-hundred day simple moving average is $1.33.

Insider Buying and Selling

In other news, insider Christopher C. Swenson sold 35,000 shares of Nerdy stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $1.24, for a total transaction of $43,400.00. Following the completion of the sale, the insider now directly owns 1,768,248 shares in the company, valued at approximately $2,192,627.52. This trade represents a 1.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles K. Cohn purchased 746,335 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of $1.23 per share, for a total transaction of $917,992.05. Following the completion of the acquisition, the chief executive officer now owns 24,223,884 shares of the company’s stock, valued at approximately $29,795,377.32. The trade was a 3.18 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 10,138,408 shares of company stock valued at $9,428,774 and sold 135,772 shares valued at $148,099. 31.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nerdy

Several large investors have recently added to or reduced their stakes in NRDY. SG Americas Securities LLC bought a new stake in shares of Nerdy during the third quarter valued at approximately $29,000. AM Investment Strategies LLC bought a new stake in Nerdy during the 3rd quarter valued at $29,000. nVerses Capital LLC purchased a new stake in shares of Nerdy in the 2nd quarter worth $34,000. Bayesian Capital Management LP bought a new position in shares of Nerdy during the 1st quarter worth $101,000. Finally, Barclays PLC increased its stake in shares of Nerdy by 330.4% during the third quarter. Barclays PLC now owns 103,960 shares of the company’s stock valued at $102,000 after buying an additional 79,808 shares during the period. 39.10% of the stock is owned by hedge funds and other institutional investors.

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.