Nerdy Inc (NYSE:NRDY) has a beta value of 1.98 and has seen 1.38 million shares traded in the recent trading session. The company, currently valued at $346.44M, closed the recent trade at $1.85 per share which meant it gained $0.22 on the day or 13.50% during that session. The NRDY stock price is -94.59% off its 52-week high price of $3.60 and 60.54% above the 52-week low of $0.73. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.29 million shares traded. The 3-month trading volume is 2.15 million shares.
The consensus among analysts is that Nerdy Inc (NRDY) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.09.
Nerdy Inc (NYSE:NRDY) trade information
Sporting 13.50% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NRDY stock price touched $1.85 or saw a rise of 2.63%. Year-to-date, Nerdy Inc shares have moved 14.20%, while the 5-day performance has seen it change 10.12%. Over the past 30 days, the shares of Nerdy Inc (NYSE:NRDY) have changed 20.92%. Short interest in the company has seen 6.82 million shares shorted with days to cover at 2.12.
Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could jump 26.0% from the levels at last check today. The projected low price target is $2.5 while the price target rests at a high of $2.5. In that case, then, we find that the latest price level in today’s session is -35.14% off the targeted high while a plunge would see the stock gain -35.14% from the levels at last check today.
Nerdy Inc (NRDY) estimates and forecasts
Figures show that Nerdy Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 17.09% over the past 6 months, with this year growth rate of -4.88%, compared to 19.50% for the industry. Revenue growth from the last financial year stood is estimated to be -3.22%.
8 analysts offering their estimates for the company have set an average revenue estimate of 44.99M for the current quarter. 6 have an estimated revenue figure of 47.5M for the next ending quarter. Year-ago sales stood 55.08M and 53.7M respectively for this quarter and the next, and analysts expect sales will shrink by -18.32% for the current quarter and -3.22% 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 in February 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 50.11% of the company shares, while shares held by institutions stand at 37.72% with a share float percentage of 75.61%. Investors are also buoyed by the number of investors in a company, with Nerdy Inc having a total of 122.0 institutions that hold shares in the company. The top two institutional holders are TPG GP A, LLC with over 10.6 million shares worth more than $17.69 million. As of 2024-06-30, TPG GP A, LLC held 9.8151% of shares outstanding.
The other major institutional holder is GREENVALE CAPITAL LLP, with the holding of over 9.0 million shares as of 2024-06-30. The firm’s total holdings are worth over $15.03 million and represent 8.3371% 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 Oct 31, 2024, the former fund manager holds about 2.85% shares in the company for having 3.29 shares of worth $5.92 million while later fund manager owns 1.89 shares of worth $3.4 million as of Sep 30, 2024, which makes it owner of about 1.64% of company’s outstanding stock.
