During the recent session, Nerdy Inc (NYSE:NRDY)’s traded shares were 1.1 million, with the beta value of the company hitting 1.84. At the last check today, the stock’s price was $1.34, reflecting an intraday gain of 1.52% or $0.02. The 52-week high for the NRDY share is $3.60, that puts it down -168.66 from that peak though still a striking 45.52% gain since the share price plummeted to a 52-week low of $0.73. The company’s market capitalization is $241.70M, and the average intraday trading volume over the past 10 days was 2.94 million shares, and the average trade volume was 1.83 million shares over the past three months.
Nerdy Inc (NRDY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. NRDY has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.09.
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Nerdy Inc (NYSE:NRDY) trade information
Nerdy Inc (NRDY) registered a 1.52% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.52% in intraday trading to $1.34, hitting a weekly high. The stock’s 5-day price performance is 40.18%, and it has moved by 38.09% in 30 days. Based on these gigs, the overall price performance for the year is -47.86%. The short interest in Nerdy Inc (NYSE:NRDY) is 5.37 million shares and it means that shorts have 4.93 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.5, which implies an increase of 46.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.5 and $2.5 respectively. As a result, NRDY is trading at a discount of -86.57% off the target high and -86.57% off the low.
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 -25.97% during the last six months, with a year-to-date growth rate less than the industry average at -12.20% against 19.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -508.63% this quarter and then drop -534.88% in the quarter after that. In the rating firms’ projections, revenue will decrease -3.22% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 44.99M as predicted by 8 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 47.5M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 55.08M and 53.7M respectively. In this case, analysts expect current quarter sales to shrink by -18.32% and then drop by -11.55% 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 -201.16% in 2024.
NRDY Dividends
Nerdy Inc is due to release its next quarterly earnings in December. 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 41.21% of total outstanding shares while institutional holders control 37.75%, with the float percentage being 64.21%. TPG GP A, LLC is the largest shareholder of the company, while 123.0 institutions own stock in it. As of 2024-06-30, the company held over 10.6 million shares (or 9.8151% of all shares), a total value of $17.69 million in shares.
The next largest institutional holding, with 9.0 million shares, is of GREENVALE CAPITAL LLP’s that is approximately 8.3371% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $15.03 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 iShares Russell 2000 ETF. Data provided on Jul 31, 2024 indicates that Franklin Strategic Series-Franklin Small Cap Growth Fund owns about 3.83 shares. This amounts to just over 3.31 percent of the company’s overall shares, with a $5.15 million market value. The same data shows that the other fund manager holds slightly less at 1.92, or about 1.66% of the stock, which is worth about $2.58 million.
