Barclays analyst Ross Sandler assigned a Hold rating to Nerdy (NRDY – Research Report) today and set a price target of $4.00. The company’s shares closed yesterday at $3.05.
Sandler covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Ziff Davis, Inc.. According to TipRanks, Sandler has an average return of 11.5% and a 61.59% success rate on recommended stocks.
Currently, the analyst consensus on Nerdy is a Moderate Buy with an average price target of $4.08.
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Based on Nerdy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $40.3 million and a GAAP net loss of $12.29 million. In comparison, last year the company earned a revenue of $31.75 million and had a GAAP net loss of $18.52 million
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NRDY in relation to earlier this year.
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Nerdy (NRDY) Company Description:
Nerdy operates as a platform offering live online learning. The company’s proprietary platform leverages technology like artificial intelligence to connect learners, including students, users, parents, and purchasers of all age groups, to experts that include subject matter experts, tutors, instructors, and educators.
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