Nerdy (NYSE:NRDY) Price Target Raised to $8.00

Nerdy (NYSE:NRDY) had its price target upped by analysts at Needham & Company LLC from $2.00 to $8.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC‘s price target would suggest a potential upside of 22.10% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Wall Street Zen upgraded Nerdy from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nerdy in a research report on Thursday, October 15th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Nerdy presently has an average rating of “Hold” and a consensus target price of $8.00.

Nerdy Stock Performance

Nerdy stock opened at $6.55 on Tuesday. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $83.73 million, a P/E ratio of -1.75 and a beta of 1.93. The stock’s 50 day moving average is $7.52 and its 200 day moving average is $11.73. Nerdy has a twelve month low of $5.37 and a twelve month high of $22.35.

Nerdy (NYSE:NRDY) last posted its quarterly earnings data on Monday, November 9th. The company reported ($1.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.50) by $0.49. The company had revenue of $33.19 million during the quarter, compared to analyst estimates of $33.51 million. Nerdy had a negative return on equity of 100.13% and a negative net margin of 16.99%. On average, equities research analysts predict that Nerdy will post -2.55 earnings per share for the current fiscal year.

Nerdy Company Profile

Nerdy, Inc (NYSE: NRDY) is an education technology company that operates an online learning platform designed to connect learners with instructors and other educational resources. Its platform is primarily offered through the Varsity Tutors brand.

The company provides live, online instruction across a broad range of subjects and learning needs. Its offerings include one-on-one tutoring, small-group classes, test preparation, academic support, language learning, admissions assistance and professional development.