Nerdy Inc (NYSE: NRDY) is 0.62% higher on its value in year-to-date trading and has touched a low of $0.73 and a high of $3.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NRDY stock was last observed hovering at around $1.57 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $1.63, the stock is -2.66% and 22.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 3.82% at the moment leaves the stock 0.59% off its SMA200. NRDY registered -48.25% loss for a year compared to 6-month loss of 4.49%. The firm has a 50-day simple moving average (SMA 50) of $1.32626 and a 200-day simple moving average (SMA200) of $1.62049.
The stock witnessed a 9.40% gain in the last 1 month and extending the period to 3 months gives it a 61.39%, and is -6.86% 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 8.22% over the week and 13.40% over the month.
Nerdy Inc (NRDY) has around 500 employees, a market worth around $305.25M and $197.32M in sales. Profit margin for the company is -19.31%. Distance from 52-week low is 124.24% and -54.72% from its 52-week high. The company has generated returns on investments over the last 12 months (-87.92%).
The EPS is expected to shrink by -201.16% this year.
Nerdy Inc (NRDY) Top Institutional Holders
122.0 institutions hold shares in Nerdy Inc (NRDY), with institutional investors hold 75.61% of the company’s shares. The shares outstanding are 114.97M, and float is at 24.00M with Short Float at 28.43%. Institutions hold 37.72% of the Float.
The top institutional shareholder in the company is TPG GP A, LLC with over 10.6 million shares valued at $17.69 million. The investor’s holdings represent 9.8151% of the NRDY Shares outstanding. As of 2024-06-30, the second largest holder is GREENVALE CAPITAL LLP with 9.0 million shares valued at $15.03 million to account for 8.3371 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 7.21 million shares representing 6.6811% and valued at over $12.04 million, while BLACKROCK INC. holds 4.4631 of the shares totaling 4.82 million with a market value of $8.05 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 30,242 shares of the company’s common stock on Dec 16 ’24 at a price of $1.84 per share for a total of $55645.0. Following the sale, the insider now owns 2.23 million shares.
Nerdy Inc disclosed in a document filed with the SEC on Dec 13 ’24 that Cohn Charles K. (Chief Executive Officer) bought a total of 3,000,000 shares of the company’s common stock. The trade occurred on Dec 13 ’24 and was made at $1.70 per share for $5.1 million. Following the transaction, the insider now directly holds 28.51 million shares of the NRDY stock.
Still, SEC filings show that on Dec 16 ’24, Cohn Charles K. (Chief Executive Officer) acquired 2,000,000 shares at an average price of $1.99 for $3.98 million. The insider now directly holds 30,509,191 shares of Nerdy Inc (NRDY).
