Nerdy Inc (NYSE:NRDY) has a beta value of 1.93 and has seen 1.69 million shares traded in the last trading session. The company, currently valued at $340.45M, closed the last trade at $3.18 per share which meant it gained $0.25 on the day or 8.53% during that session. The NRDY stock price is -68.87% off its 52-week high price of $5.37 and 27.36% above the 52-week low of $2.31. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.51 million shares traded. The 3-month trading volume is 1.09 million shares.
Nerdy Inc (NYSE:NRDY) trade information
Sporting 8.53% in the green in last session, the stock has traded in the green over the last five days, when the NRDY stock price touched $3.18 or saw a rise of 0.31%. Year-to-date, Nerdy Inc shares have moved -7.29%, while the 5-day performance has seen it change 16.06%. Over the past 30 days, the shares of Nerdy Inc (NYSE:NRDY) have changed -1.85%. Short interest in the company has seen 3.84 million shares shorted with days to cover at 3.44.
Nerdy Inc (NRDY) estimates and forecasts
Figures show that Nerdy Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -14.29% over the past 6 months, with this year growth rate of 19.51%, compared to 19.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 47.60% and -133.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 23.00%.
9 analysts offering their estimates for the company have set an average revenue estimate of $52.2 million for the current quarter. 8 have an estimated revenue figure of $57.35 million for the next quarter concluding in Jun 2024. Year-ago sales stood $49.18 million and $48.84 million respectively for this quarter and the next, and analysts expect sales will grow by 6.10% for the current quarter and 17.40% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -509.31% over the past 5 years.
NRDY Dividends
Nerdy Inc is expected to release its next earnings report on February 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Nerdy Inc (NYSE:NRDY)’s Major holders
Insiders own 21.13% of the company shares, while shares held by institutions stand at 63.48% with a share float percentage of 80.49%. Investors are also buoyed by the number of investors in a company, with Nerdy Inc having a total of 147 institutions that hold shares in the company. The top two institutional holders are TPG GP A, LLC with over 11.72 million shares worth more than $48.89 million. As of Jun 29, 2023, TPG GP A, LLC held 11.64% of shares outstanding.
The other major institutional holder is Greenvale Capital, LLP, with the holding of over 8.25 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $34.4 million and represent 8.19% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Franklin Strategic Series-Franklin Small Cap Growth Fund and Vanguard Total Stock Market Index Fund. As of Jul 30, 2023, the former fund manager holds about 3.80% shares in the company for having 3.83 million shares of worth $18.9 million while later fund manager owns 1.55 million shares of worth $6.48 million as of Jun 29, 2023, which makes it owner of about 1.54% of company’s outstanding stock.
