Nerdy (NYSE:NRDY) Price Target Raised to $8.00

Nerdy (NYSE:NRDY) had its target price boosted by Needham & Company LLC from $2.00 to $8.00 in a research note issued to investors on Tuesday, Marketbeat reports. Needham & Company LLC currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of Nerdy from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Weiss Ratings reissued a “sell (e+)” rating on shares of Nerdy in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Nerdy has an average rating of “Hold” and an average price target of $8.00.

Nerdy Trading Down 0.8%

NRDY stock opened at $5.92 on Tuesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.61 and a quick ratio of 2.70. Nerdy has a 1-year low of $5.37 and a 1-year high of $22.35. The business has a 50 day simple moving average of $7.28 and a two-hundred day simple moving average of $11.56. The company has a market capitalization of $75.71 million, a price-to-earnings ratio of -1.82 and a beta of 1.93.

Nerdy (NYSE:NRDY) last released its quarterly earnings data on Monday, November 9th. The company reported ($1.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.50) by $0.49. Nerdy had a negative net margin of 15.24% and a negative return on equity of 107.48%. The firm had revenue of $33.19 million for the quarter, compared to analysts’ expectations of $33.50 million. Research analysts anticipate that Nerdy will post -2.55 EPS for the current fiscal year.

Nerdy Company Profile

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.