Nerdy Inc. [NRDY] moved up 2.45: Why It’s Important


Nerdy Inc. [NYSE: NRDY] jumped around 0.11 points on Thursday, while shares priced at $4.60 at the close of the session, up 2.45%. The company report on December 17, 2021 that Nerdy Names Former U.S. Deputy Secretary of Education Bill Hansen as Senior Adviser, Institutional Strategy.

Innovative Education Executive and Thought Leader to Support the Company’s K-12 Schools Initiatives.

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Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced that former U.S. Deputy Secretary of Education William “Bill” D. Hansen has been named Senior Advisor, Institutional Strategy, and will support the company’s efforts to further build and scale its K12 institutional offerings.

Nerdy Inc. stock is now -58.56% down from its year-to-date (YTD) trading value. NRDY Stock saw the intraday high of $4.675 and lowest of $4.45 per share. The company’s 52-week high price is 13.49, which means current price is +3.37% above from all time high which was touched on 09/22/21.

Compared to the average trading volume of 1.29M shares, NRDY reached a trading volume of 1980493 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Nerdy Inc. [NRDY]?

JP Morgan have made an estimate for Nerdy Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 12, 2021. While these analysts kept the previous recommendation, Raymond James raised their target price to Outperform. The new note on the price target was released on October 18, 2021, representing the official price target for Nerdy Inc. stock. Previously, the target price had yet another raise to $13, while Needham analysts kept a Buy rating on NRDY stock.

The Average True Range (ATR) for Nerdy Inc. is set at 0.35, with the Price to Sales ratio for NRDY stock in the period of the last 12 months amounting to 22.00. The Price to Book ratio for the last quarter was 0.66, with the Price to Cash per share for the same quarter was set at 0.01.

How has NRDY stock performed recently?

Nerdy Inc. [NRDY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.56. With this latest performance, NRDY shares dropped by -24.96% in over the last four-week period, additionally sinking by -53.58% over the last 6 months – not to mention a drop of -58.60% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NRDY stock in for the last two-week period is set at 30.72, with the RSI for the last a single of trading hit 30.18, and the three-weeks RSI is set at 31.45 for Nerdy Inc. [NRDY]. The present Moving Average for the last 50 days of trading for this stock 6.60, while it was recorded at 4.74 for the last single week of trading, and 9.18 for the last 200 days.

Nerdy Inc. [NRDY]: Deeper insight into the fundamentals

Return on Total Capital for NRDY is now -0.30, given the latest momentum, and Return on Invested Capital for the company is -0.29. Return on Equity for this stock declined to -0.29, with Return on Assets sitting at -0.28.

Nerdy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.00 and a Current Ratio set at 0.00.

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Insider trade positions for Nerdy Inc. [NRDY]

There are presently around $288 million, or 74.20% of NRDY stock, in the hands of institutional investors. The top three institutional holders of NRDY stocks are: TPG GROUP HOLDINGS (SBS) ADVISORS, INC. with ownership of 13,223,250, which is approximately New of the company’s market cap and around 14.20% of the total institutional ownership; LIGHT STREET CAPITAL MANAGEMENT, LLC, holding 9,393,139 shares of the stock with an approximate value of $42.17 million in NRDY stocks shares; and GREENVALE CAPITAL LLP, currently with $31.32 million in NRDY stock with ownership of nearly New of the company’s market capitalization.

Positions in Nerdy Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 35 institutional holders increased their position in Nerdy Inc. [NYSE:NRDY] by around 41,903,760 shares. Additionally, 51 investors decreased positions by around 18,452,371 shares, while 2 investors held positions by with 3,687,388 shares. The mentioned changes placed institutional holdings at 64,043,519 shares, according to the latest SEC report filing. NRDY stock had 22 new institutional investments in for a total of 32,529,312 shares, while 37 institutional investors sold positions of 13,810,611 shares during the same period.