Nerdy Inc (NYSE: NRDY) is -14.58% lower on its value in year-to-date trading and has touched a low of $2.31 and a high of $5.37 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NRDY stock was last observed hovering at around $2.99 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $2.93, the stock is 1.07% and -4.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing -2.01% at the moment leaves the stock -17.12% off its SMA200. NRDY registered -18.16% loss for a year compared to 6-month loss of -10.40%. The firm has a 50-day simple moving average (SMA 50) of $1.24 and a 200-day simple moving average (SMA200) of -$4.73.
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The stock witnessed a -3.93% gain in the last 1 month and extending the period to 3 months gives it a -15.56%, and is -8.15% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.84% over the week and 8.89% over the month.
Nerdy Inc (NRDY) has around 500 employees, a market worth around $313.69M and $193.40M in sales. Fwd P/E is 27.47. Profit margin for the company is -20.77%. Distance from 52-week low is 27.11% and -45.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-71.96%).
Nerdy Inc quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $52.2M over the same period.The EPS is expected to shrink by -86.66% this year, but quarterly earnings will post 23.00% year-over-year. Quarterly sales are estimated to grow 6.10% in year-over-year returns.
147 institutions hold shares in Nerdy Inc (NRDY), with institutional investors hold 80.47% of the company’s shares. The shares outstanding are 106.42M, and float is at 58.38M with Short Float at 6.33%. Institutions hold 63.48% of the Float.
The top institutional shareholder in the company is TPG GP A, LLC with over 11.72 million shares valued at $48.89 million. The investor’s holdings represent 11.64% of the NRDY Shares outstanding. As of Jun 29, 2023, the second largest holder is Greenvale Capital, LLP with 8.25 million shares valued at $34.4 million to account for 8.19% of the shares outstanding. The other top investors are Goldman Sachs Group Inc which holds 5.48 million shares representing 5.45% and valued at over $22.87 million, while Franklin Resources, Inc. holds 4.27% of the shares totaling 4.3 million with a market value of $17.94 million.
Nerdy Inc (NRDY) Insider Activity
The most recent transaction is an insider sale by Pello Jason H., the company’s Chief Financial Officer. SEC filings show that Pello Jason H. sold 29,195 shares of the company’s common stock on Mar 25 ’24 at a price of $3.06 per share for a total of $89337.0. Following the sale, the insider now owns 1.48 million shares.
Nerdy Inc disclosed in a document filed with the SEC on Mar 18 ’24 that Swenson Christopher C. (Chief Legal Officer) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $2.96 per share for $74000.0. Following the transaction, the insider now directly holds 1.23 million shares of the NRDY stock.
Still, SEC filings show that on Mar 15 ’24, Cohn Charles K. (Chief Executive Officer) acquired 75,000 shares at an average price of $2.99 for $0.22 million. The insider now directly holds 260,704 shares of Nerdy Inc (NRDY).
