Nerdy Inc. (NRDY)
Nerdy Inc. (NRDY) is an online education platform that offers live, expert-led tutoring and instruction across a wide range of subjects. The company focuses on connecting students with qualified tutors through its digital marketplace, providing personalized learning experiences for K-12, college, and adult learners. Nerdy emphasizes accessible, real-time education solutions to support academic achievement and skill development.
Company News
Nerdy, an online learning platform company, reported its Q4 results, with sales and earnings beating estimates. However, investors were disappointed by the company's revenue decline, shrinking gross margin, and shrinking active user base. Nerdy's guidance for Q1 also pointed to a significant decline in sales and EBITDA.
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Nerdy Inc. reported a quarterly loss of $0.08 per share, beating the Zacks Consensus Estimate of a $0.12 loss. The company's revenue of $50.98 million missed the consensus estimate. Nerdy's stock has underperformed the market so far this year.
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In the last three months, 4 analysts have published ratings on Nerdy (NYSE:NRDY), offering a diverse range of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 1 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $4.19, a high estimate of $5.00, and a low estimate of $3.75. Surpassing the previous average price target of $3.25, the current average has increased by 28.92%. Decoding Analyst Ratings: A Detailed Look A clear picture of Nerdy's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Eric Sheridan Goldman Sachs Raises Neutral $3.75 $3.25 Ryan MacDonald Needham Maintains Buy $4.00 - Bryan Smilek JP Morgan Announces Overweight $5.00 - Ryan MacDonald Needham Maintains Buy $4.00 - Key Insights: Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their ...Full story available on Benzinga.com