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Tuesday, June 6, 2023

Insights Into Nerdy Inc. (NRDY) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Nerdy Inc. (NRDY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0194, or -0.61%, to $3.1706. The Nerdy Inc. has recorded 53,536 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Nerdy Announces First Quarter 2023 Financial Results.

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Stocks Info

Nerdy Inc. is listed on the NYSE in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $3.19 and fluctuated between $3.2400 as its day high and $3.1400 as its day low. The current market capitalization of Nerdy Inc. is $546.89M. A total of 0.87 million shares were traded on the day, compared to an average of 894.61K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, NRDY has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 109,049 shares. Over the last 12 months, there were 25 BUYs and 24 SELLs from insiders. Insiders purchased 11,762,475 shares during that period but sold 6,954,911.

In the most recent transaction, Pello Jason H. sold 34,250 shares of NRDY for 3.31 per share on May 16. After the transaction, the Chief Financial Officer now owns 859,934 company shares. In a previous transaction on Mar 13, Pello Jason H. sold 75,000 shares at 3.15 per share. NRDY shares that Chief Financial Officer owns now total 894,184.

Among the insiders who sold shares, Swenson Christopher C. disposed of 15,000 shares on Mar 09 at a per-share price of $3.36. This resulted in the Chief Legal Officer holding 868,163 shares of NRDY after the transaction. In another insider transaction, Robinson Heidi sold 19,049 shares at $3.50 per share on Mar 02. Company shares held by the Chief Product Officer now total 1,105,754.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for NRDY in the last 3 months, the mean price target is $5.14 with high estimates of $8.00 and low estimates of $3.50. In terms of 52-week highs and lows, NRDY has a high of $4.44 and a low of $1.69.

As of this writing, NRDY has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.04 in the last quarter, which was 75.00% higher than expectations of -$0.16.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. NRDY’s latest balance sheet shows that the firm has $143.96M in Cash & Short Term Investments as of fiscal 2021. There were $47.58M in debt and $41.91M in liabilities at the time. Its Book Value Per Share was $0.39, while its Total Shareholder’s Equity was $95.81M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NRDY is Buy with a score of 4.25.

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