Wall Street Zen upgraded shares of Nerdy (NYSE:NRDY – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nerdy in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $15.00.
Check Out Our Latest Report on Nerdy
Nerdy Stock Up 5.9%
NRDY opened at $6.15 on Friday. Nerdy has a fifty-two week low of $5.48 and a fifty-two week high of $22.35. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.70 and a current ratio of 2.70. The company has a fifty day moving average of $8.42 and a two-hundred day moving average of $11.38. The stock has a market capitalization of $78.60 million, a price-to-earnings ratio of -1.64 and a beta of 1.79.
Nerdy (NYSE:NRDY – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.71. Nerdy had a negative net margin of 16.99% and a negative return on equity of 100.13%. The business had revenue of $43.23 million during the quarter, compared to the consensus estimate of $43.00 million. On average, research analysts expect that Nerdy will post -2.55 earnings per share for the current year.
About Nerdy
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.
Featured Articles
- Five stocks we like better than Nerdy
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
Receive News & Ratings for Nerdy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nerdy and related companies with MarketBeat.com's FREE daily email newsletter.
