In the last trading session, 1.3 million shares of the Nerdy Inc (NYSE:NRDY) were traded, and its beta was 1.68. Most recently the company’s share price was $1.00, and it changed around -$0.02 or -2.15% from the last close, which brings the market valuation of the company to $112.40M. NRDY currently trades at a discount to its 52-week high of $3.91, offering almost -291.0% off that amount. The share price’s 52-week low was $0.73, which indicates that the current value has risen by an impressive 27.0% since then. We note from Nerdy Inc’s average daily trading volume that its 10-day average is 1.09 million shares, with the 3-month average coming to 2.40 million.

Nerdy Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 6 recommended NRDY as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Nerdy Inc is expected to report earnings per share of -0.24 for the current quarter.

Nerdy Inc (NYSE:NRDY) trade information

Instantly NRDY has showed a red trend with a performance of -2.15% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.0600 on recent trading dayincreased the stock’s daily price by 5.66%. The company’s shares are currently down -70.90% year-to-date, but still up 0.41% over the last five days. On the other hand, Nerdy Inc (NYSE:NRDY) is 10.64% up in the 30-day period. We can see from the shorts that 6.57 million shares have been sold at a short interest cover period of 2.17 day(s).

The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 66.67% from its current value. Analyst projections state that NRDY is forecast to be at a low of $3 and a high of $3.

Nerdy Inc (NRDY) estimates and forecasts

Nerdy Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -64.61 percent over the past six months and at a -17.07% annual growth rate that is well below the industry average of 7.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -84.60% in revenue this quarter, and will report a decrease of -100.00% in the next quarter. The year-over-year growth rate is expected to be 2.50%, up from the previous year.

Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 36.67M in revenue for the current quarter. 8 analysts expect Nerdy Inc to make 56.97M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 40.3M and 55.08M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -9.00%. Forecasts for the next quarter put sales growth at 3.40%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -509.31%.

NRDY Dividends

Nerdy Inc’s next quarterly earnings report is expected to be released in November.

Nerdy Inc (NYSE:NRDY)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 34.39% of Nerdy Inc shares, and 62.37% of them are in the hands of institutional investors. The stock currently has a share float of 95.07%. Nerdy Inc stock is held by 122.0 institutions, with TPG GP A, LLC being the largest institutional investor. By 2024-06-30, it held 9.8151% of the shares, which is about 10.6 million shares worth $17.69 million.

GREENVALE CAPITAL LLP, with 8.3371% or 9.0 million shares worth $15.03 million as of 2024-06-30, holds the second largest percentage of outstanding shares.