In the last trading session, 1.56 million Nerdy Inc (NYSE:NRDY) shares changed hands as the company’s beta touched 1.99. With the company’s per share price at $1.93 changed hands at $0.13 or 7.22% during last session, the market valuation stood at $348.12M. NRDY’s last price was a discount, traded about -86.53% off its 52-week high of $3.60. The share price had its 52-week low at $0.73, which suggests the last value was 62.18% up since then. When we look at Nerdy Inc’s average trading volume, we note the 10-day average is 1.12 million shares, with the 3-month average coming to 2.25 million.
Analysts gave the Nerdy Inc (NRDY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended NRDY as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Nerdy Inc’s EPS for the current quarter is expected to be -0.09.
Nerdy Inc (NYSE:NRDY) trade information
Instantly NRDY was in green as seen at the end of in last trading. With action 2.66%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 19.14%, with the 5-day performance at 2.66% in the green. However, in the 30-day time frame, Nerdy Inc (NYSE:NRDY) is 22.93% up. Looking at the short shares, we see there were 7.55 million shares sold at short interest cover period of 4.14 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2.5, meaning bulls need an upside of 22.8% from its current market value. According to analyst projections, NRDY’s forecast low is 2.5 with 2.5 as the target high. To hit the forecast high, the stock’s price needs a -29.53% plunge from its current level, while the stock would need to soar -29.53% for it to hit the projected low.
Nerdy Inc (NRDY) estimates and forecasts
Data shows that the Nerdy Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 16.27% over the past 6 months, a -4.88% in annual growth rate that is considerably lower than the industry average of 18.40%. Year-over-year growth is forecast to reach -3.21% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 44.99M. 6 analysts are of the opinion that Nerdy Inc’s revenue for the current quarter will be 47.5M. The company’s revenue for the corresponding quarters a year ago was 55.08M and 53.7M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -18.32%. The estimates for the next quarter sales put growth at -11.55%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -509.31%. The 2025 estimates are for Nerdy Inc earnings to decrease by -201.16%.
NRDY Dividends
Nerdy Inc is expected to release its next quarterly earnings report in March.
Nerdy Inc (NYSE:NRDY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 50.11% of Nerdy Inc shares while 37.36% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 74.89%. There are 37.36% institutions holding the Nerdy Inc stock share, with TPG GP A, LLC the top institutional holder. As of 2024-06-30, the company held 9.8151% of the shares, roughly 10.6 million NRDY shares worth $17.69 million.
GREENVALE CAPITAL LLP holds the second largest percentage of outstanding shares, with 8.3371% or 9.0 million shares worth $15.03 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were Franklin Strategic Series-Franklin Small Cap Growth Fund and iShares Russell 2000 ETF. With 3.29 shares estimated at $6.34 million under it, the former controlled 2.85% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.78% of the shares, roughly 2.05 shares worth around $3.97 million.
