In the last trading session, 6.41 million shares of the Nerdy Inc (NYSE:NRDY) were traded, and its beta was 1.72. Most recently the company’s share price was $1.26, and it changed around $0.26 or 26.00% from the last close, which brings the market valuation of the company to $227.27M. NRDY currently trades at a discount to its 52-week high of $3.60, offering almost -185.71% off that amount. The share price’s 52-week low was $0.73, which indicates that the current value has risen by an impressive 42.06% since then. We note from Nerdy Inc’s average daily trading volume that its 10-day average is 2.29 million shares, with the 3-month average coming to 1.89 million.
Nerdy Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 7 recommended NRDY as a Hold, whereas 3 deemed it a Buy, and 1 rated it as Underweight. Nerdy Inc is expected to report earnings per share of -0.09 for the current quarter.
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Nerdy Inc (NYSE:NRDY) trade information
Instantly NRDY has showed a green trend with a performance of 26.00% 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 1.2800 on recent trading dayincreased the stock’s daily price by 1.56%. The company’s shares are currently down -63.27% year-to-date, but still up 40.00% over the last five days. On the other hand, Nerdy Inc (NYSE:NRDY) is 26.00% up in the 30-day period. We can see from the shorts that 5.37 million shares have been sold at a short interest cover period of 4.93 day(s).
The consensus price target as assigned by Wall Street analysts is $2.5, which translates to bulls needing to increase their stock price by 49.6% from its current value. Analyst projections state that NRDY is forecast to be at a low of $2.5 and a high of $2.5.
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 -35.38 percent over the past six months and at a -17.07% annual growth rate that is well below the industry average of 18.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -508.63% in revenue this quarter, and will report a decrease of -534.88% in the next quarter. The year-over-year growth rate is expected to be -3.22%, down from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 44.99M in revenue for the current quarter. 6 analysts expect Nerdy Inc to make 47.5M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 55.08M and 53.7M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -18.32%. Forecasts for the next quarter put sales growth at -11.55%.
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 December.
Nerdy Inc (NYSE:NRDY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 40.78% of Nerdy Inc shares, and 40.12% of them are in the hands of institutional investors. The stock currently has a share float of 67.75%. 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.
Franklin Strategic Series-Franklin Small Cap Growth Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Jul 31, 2024 . The former held 3.83 shares worth $4.82 million, making up 3.31% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.92 shares worth around $2.41 million, which represents about 1.66% of the total shares outstanding.
