Nerdy (NYSE:NRDY) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

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

Several other research firms have also recently weighed in on NRDY. Wall Street Zen raised 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 report on Thursday, October 15th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.00.

Nerdy Stock Up 5.2%

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

Nerdy (NYSE:NRDY) last issued its earnings results on Monday, November 9th. The company reported ($1.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.50) by $0.49. Nerdy had a negative net margin of 16.99% and a negative return on equity of 100.13%. The company had revenue of $33.19 million for the quarter, compared to analysts’ expectations of $33.51 million. Equities research analysts forecast 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.