During the last session, Nerdy Inc (NYSE:NRDY)’s traded shares were 1.93 million, with the beta value of the company hitting 1.92. The 52-week high for the NRDY share is $5.37, that puts it down -89.08 from that peak though still a striking 18.66% gain since the share price plummeted to a 52-week low of $2.31. The company’s market capitalization is $304.05M, and the average intraday trading volume over the past 10 days was 1.19 million shares, and the average trade volume was 1.15 million shares over the past three months.
Nerdy Inc (NYSE:NRDY) trade information
The stock’s 5-day price performance is -3.07%, and it has moved by 2.53% in 30 days. Based on these gigs, the overall price performance for the year is -31.89%. The short interest in Nerdy Inc (NYSE:NRDY) is 3.7 million shares and it means that shorts have 2.18 day(s) to cover.
Nerdy Inc (NRDY) estimates and forecasts
Statistics show that Nerdy Inc has underperformed its competitors in share price, compared to the industry in which it operates. Nerdy Inc (NRDY) shares have gone down -19.55% during the last six months, with a year-to-date growth rate less than the industry average at 19.51% against 25.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 47.60% this quarter and then drop -133.30% in the quarter after that. In the rating firms’ projections, revenue will increase 23.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $52.2 million as predicted by 9 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $57.35 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $49.18 million and $48.84 million respectively. In this case, analysts expect current quarter sales to grow by 6.10% and then jump by 17.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -509.31%. While earnings are projected to return -86.66% in 2024.
NRDY Dividends
Nerdy Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Nerdy Inc (NYSE:NRDY)’s Major holders
Nerdy Inc insiders own 21.08% of total outstanding shares while institutional holders control 63.48%, with the float percentage being 80.44%. TPG GP A, LLC is the largest shareholder of the company, while 147 institutions own stock in it. As of Jun 29, 2023, the company held over 11.72 million shares (or 11.64% of all shares), a total value of $48.89 million in shares.
The next largest institutional holding, with 8.25 million shares, is of Greenvale Capital, LLP’s that is approximately 8.19% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $34.4 million.
Also, the Mutual Funds coming in first place with the largest holdings of Nerdy Inc (NRDY) shares are Franklin Strategic Series-Franklin Small Cap Growth Fund and Vanguard Total Stock Market Index Fund. Data provided on Jul 30, 2023 indicates that Franklin Strategic Series-Franklin Small Cap Growth Fund owns about 3.83 million shares. This amounts to just over 3.80 percent of the company’s overall shares, with a $18.9 million market value. The same data shows that the other fund manager holds slightly less at 1.55 million, or about 1.54% of the stock, which is worth about $6.48 million.
