Nerdy (NRDY) Scheduled to Post Quarterly Earnings on Tuesday

Nerdy (NYSE:NRDY) is set to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Nerdy to post earnings of ($0.11) per share for the quarter. Nerdy has set its FY 2024 guidance at EPS and its Q1 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 issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. Nerdy had a negative return on equity of 48.96% and a negative net margin of 20.77%. The business had revenue of $55.10 million for the quarter, compared to the consensus estimate of $54.77 million. During the same period last year, the business earned ($0.13) EPS. The firm’s revenue was up 31.8% compared to the same quarter last year. 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 0.8 %

Shares of NRDY stock opened at $2.66 on Monday. Nerdy has a 12 month low of $2.31 and a 12 month high of $5.37. The business’s 50 day moving average is $2.81 and its two-hundred day moving average is $2.97.

Analyst Ratings Changes

A number of research analysts recently issued reports on NRDY shares. Needham & Company LLC reiterated a “buy” rating and issued a $4.00 target price on shares of Nerdy in a research note on Wednesday, February 28th. JPMorgan Chase & Co. assumed coverage on Nerdy in a research report on Monday, March 11th. They set an “overweight” rating and a $5.00 price objective for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4.71.

Insider Activity

In other Nerdy news, CEO Charles K. Cohn purchased 75,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were purchased at an average price of $2.79 per share, with a total value of $209,250.00. Following the acquisition, the chief executive officer now directly owns 185,704 shares of the company’s stock, valued at approximately $518,114.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Nerdy news, CFO Jason H. Pello sold 41,896 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $131,134.48. Following the completion of the transaction, the chief financial officer now directly owns 1,505,244 shares in the company, valued at $4,711,413.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles K. Cohn acquired 75,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were bought at an average cost of $2.79 per share, with a total value of $209,250.00. Following the completion of the acquisition, the chief executive officer now owns 185,704 shares of the company’s stock, valued at approximately $518,114.16. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 217,991 shares of company stock worth $629,314 and have sold 126,091 shares worth $370,371. 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.