Nerdy Inc (NYSE: NRDY) stock jumped 2.44% on Friday to $2.52 against a previous-day closing price of $2.46. With 0.74 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.82 million shares. The 52-week range on NRDY shows that it touched its highest point at $5.37 and its lowest point at $1.86 during that stretch. It currently has a 1-year price target of $4.67. Beta for the stock currently stands at 1.92.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NRDY was up-trending over the past week, with a rise of 1.20%, but this was down by -23.40% over a month. Three-month performance dropped to -40.98% while six-month performance fell -21.00%. The stock gained 2.86% in the past year, while it has gained 12.00% so far this year. A look at the trailing 12-month EPS for NRDY yields -0.47 with Next year EPS estimates of -0.03. For the next quarter, that number is -0.01. This implies an EPS growth rate of 83.54% for this year and 53.09% for next year.
Float and Shares Shorts:
At present, 95.30 million NRDY shares are outstanding with a float of 65.02 million shares on hand for trading. On Oct 30, 2023, short shares totaled 4.02 million, which was 3.85% higher than short shares on Sep 28, 2023. In addition to Mr. Charles Cohn as the firm’s Founder, Chairman, President & CEO, Mr. Jason H. Pello serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 64.60% of NRDY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.20% of NRDY, in contrast to 35.59% held by mutual funds. Shares owned by individuals account for 15.96%. As the largest shareholder in NRDY with 8.19% of the stake, Greenvale Capital LLP holds 8,250,000 shares worth 8,250,000. A second-largest stockholder of NRDY, Franklin Advisers, Inc., holds 4,179,435 shares, controlling over 4.15% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in NRDY, holding 3,714,007 shares or 3.69% stake. With a 3.80% stake in NRDY, the Franklin Small Cap Growth Fund is the largest stakeholder. A total of 3,825,800 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.54% of NRDY stock, is the second-largest Mutual Fund holder. It holds 1,554,944 shares valued at 4.79 million. CS Invt. Fds. 2 – holds 1.49% of the stake in NRDY, owning 1,500,000 shares worth 4.62 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NRDY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NRDY analysts setting a high price target of $6.00 and a low target of $3.00, the average target price over the next 12 months is $4.67. Based on these targets, NRDY could surge 138.1% to reach the target high and rise by 19.05% to reach the target low. Reaching the average price target will result in a growth of 85.32% from current levels.
Summary of Insider Activity:
Insiders traded NRDY stock several times over the past three months with 19 Buys and 6 Sells. In these transactions, 1,609,138 shares were bought while 3,095,008 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 3,231,587 while 4,944,585 shares were sold.
