Streetbeat News

NRDY

Nerdy, Inc.

https://www.nerdy.com

Industry

Software - Application

Nerdy, Inc. operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including AI, to connect learners of various ages to experts, delivering value on both sides of the network. Its learning destination provides learning experiences across various subjects and multiple formats, including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. The company's flagship business, Varsity Tutors, operates platforms for live online tutoring and classes. Its solutions are available directly to learners, as well as through schools and other institutions. The company was founded in 2007 and is headquartered in Saint Louis, Missouri.

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Top Wall Street analysts have downgraded several notable stocks. Baird downgraded Five9, Inc. (FIVN) from Outperform to Neutral, lowering the price target from $90 to $40. Morgan Stanley downgraded L3Harris Technologies, Inc. (LHX) from Overweight to Equal-Weight, cutting the price target from $275 to $257. Raymond James downgraded Nerdy, Inc. (NRDY) from Outperform to Market Perform. Truist Securities downgraded Karat Packaging Inc. (KRT) from Buy to Hold, reducing the price target from $34 to $28. Piper Sandler downgraded Eventbrite, Inc. (EB) from Overweight to Neutral, lowering the price target from $9 to $4.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 10:43 am

Raymond James analyst Alexander Sklar has downgraded Nerdy (NYSE:NRDY) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 9:43 am

Doximity, Inc. (NYSE:DOCS) shares surged over 28% in pre-market trading after reporting better-than-expected Q1 financial results and issuing strong FY24 revenue guidance. Other notable pre-market movers include Iteris, Inc. (NASDAQ:ITI) up 61.7% due to an acquisition, and American Vanguard Corporation (NYSE:AVD) down 30.8% after disappointing Q2 results.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 9:04 am

Nerdy Inc. (NRDY) has revised its Q3 2024 revenue expectations to $35M-$38M, significantly below the estimated $49.36M. The company also cut its FY24 revenue outlook from $232M-$246M to $196M-$204M, below the estimated $237.57M. Adjusted EBITDA for Q3 is expected to be between negative $19M and negative $17M, and for the full year, between negative $21M and negative $19M. Despite these revisions, Nerdy expects a return to durable and profitable growth by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:01 pm

Nerdy (NYSE:NRDY) reported a Q2 2024 GAAP EPS of $(0.08), beating the analyst consensus estimate of $(0.12) by 33.33%.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:57 pm

Nerdy shares are trading lower after the company reported worse-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:52 pm

Nerdy (NYSE:NRDY) reported Q2 sales of $50.984 million, missing the analyst consensus estimate of $51.180 million by 0.38%. This represents a 4.39% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:28 pm

Varsity Tutors For Schools, a subsidiary of Nerdy Inc. (NRDY), has signed an agreement with Frontier School to provide all district students with free access to its platform. This deal will not incur any costs for Frontier Schools, students, or their families.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:24 am

The article highlights the after-market movements of 12 consumer discretionary stocks on Wednesday. Notable gainers include Sacks Parente Golf (SPGC), J-Long Group (JL), and Sonos (SONO), while significant losers include Kaival Brands Innovations (KAVL) and SRIVARU Holding (SVMH).

Portfolio Pulse from Benzinga Insights

June 19, 2024 | 8:30 pm

Nerdy Inc.'s CEO, Charles K. Cohn, has purchased 347,275 shares of the company's stock at an average price of $1.88 per share, according to a recent SEC Form 4 filing.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:15 pm

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