Nerdy, Inc. operates a direct-to-consumer platform for live online learning in the United States. It operates Varsity Tutors, a platform for live online tutoring and classes across various learning formats, including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. The company is based in Fort Worth, Texas.
IPO Year: 2020
Exchange: NYSE
Website: nerdy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | Neutral → Underweight | JP Morgan | |
| 11/8/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 11/8/2024 | $6.00 → $1.00 | Overweight → Neutral | Cantor Fitzgerald |
| 8/9/2024 | $5.00 → $3.00 | Buy → Hold | Canaccord Genuity |
| 8/9/2024 | Overweight → Neutral | JP Morgan | |
| 8/9/2024 | Outperform → Market Perform | Northland Capital | |
| 8/9/2024 | Outperform → Mkt Perform | Raymond James | |
| 3/11/2024 | $5.00 | Overweight | JP Morgan |
| 10/9/2023 | $5.00 | Equal Weight | Barclays |
| 8/28/2023 | $5.50 | Outperform | Raymond James |
Comprehensive Learning Platform Available to Assist Each District Student Whenever Needed Prodos Academy of Education and Sport today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE:NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform. The partnership ensures all students, educators and parents have a rich set of academic resources for the school years to come. The comprehensive platform integrates interactive study tools, collaborative workspaces, and dynamic tutoring resources, including: 24/7 On-Demand Chat Tutoring On-Demand Essay Review Live
Comprehensive Learning Platform Available to Assist Each District Student Whenever Needed Winton Woods City School District today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE:NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform. The partnership ensures all students, educators and parents have a rich set of academic resources for the school years to come. The comprehensive platform integrates interactive study tools, collaborative workspaces, and dynamic tutoring resources, including: 24/7 On-Demand Chat Tutoring On-Demand Essay Review Live Enri
Comprehensive Learning Platform Available to Assist Each District Student Whenever Needed Manassas City Public Schools today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE:NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform. The partnership ensures all students, educators and parents have a rich set of academic resources for the school years to come. The comprehensive platform integrates interactive study tools, collaborative workspaces, and dynamic tutoring resources, including: 24/7 On-Demand Chat Tutoring On-Demand Essay Review Live Enrichmen
Comprehensive Learning Platform Available to Assist Each District Student Whenever Needed Clover School District today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE:NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform. The partnership ensures all students, educators and parents have a rich set of academic resources for the school years to come. The comprehensive platform integrates interactive study tools, collaborative workspaces, and dynamic tutoring resources, including: 24/7 On-Demand Chat Tutoring On-Demand Essay Review Live Enrichment and
Comprehensive Learning Platform Available to Assist Each District Student Whenever Needed Iron County School District today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE:NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform. The partnership ensures all students, educators and parents have a rich set of academic resources for the school years to come. The comprehensive platform integrates interactive study tools, collaborative workspaces, and dynamic tutoring resources, including: 24/7 On-Demand Chat Tutoring On-Demand Essay Review Live Enrichment
Comprehensive Learning Platform Available to Assist Each District Student Whenever Needed Parma City Schools earlier this month announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE:NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform. The partnership ensures all students, educators and parents have a rich set of academic resources for the school years to come. The comprehensive platform integrates interactive study tools, collaborative workspaces, and dynamic tutoring resources, including: 24/7 On-Demand Chat Tutoring On-Demand Essay Review Live Enrich
Comprehensive Learning Platform Available to Assist Each District Student Whenever Needed Indian Hill Exempted Village School District today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE:NRDY) company and the leading platform for live online tutoring, to provide all District students with access to the Varsity Tutors for Schools platform. The partnership ensures all students, educators and parents have a rich set of academic resources for the school years to come. The comprehensive platform integrates interactive study tools, collaborative workspaces, and dynamic tutoring resources, including: 24/7 On-Demand Chat Tutoring On-Demand Essay Review
Nerdy Inc. (NYSE:NRDY) today announced that it has regained compliance with the New York Stock Exchange ("NYSE") continued listing criteria for minimum share price under Section 802.01C of the NYSE Listed Company Manual. On December 2, 2024, the NYSE provided Nerdy with a notification letter of compliance based on Nerdy's closing share price on November 29, 2024, as well as a calculation of Nerdy's average closing share price for the 30 trading days ended November 29, 2024, which reflected an average closing share price above the NYSE's $1.00 minimum requirement. Accordingly, the Company has regained compliance with the minimum share price requirement of Section 802.01C. Nerdy's Class A
Comprehensive Learning Platform Available to Assist Each District Student Whenever Needed Oak Hills Local School District (OHLSD) today announced an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE:NRDY) company and the leading platform for live online tutoring, to provide all district students with access to the Varsity Tutors for Schools platform. The partnership ensures all students, educators and parents have a rich set of academic resources for the school years to come. The comprehensive platform integrates interactive study tools, collaborative workspaces, and dynamic tutoring resources, including: 24/7 On-Demand Chat Tutoring On-Demand Essay Review Liv
Nerdy Inc. (NYSE:NRDY) today announced that it received a notice from the New York Stock Exchange ("NYSE") on November 12, 2024 that it is not in compliance with the continued listing criteria under Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company's Class A Common Stock was less than $1.00 over a consecutive 30 trading-day period. The Company plans to notify the NYSE by November 12, 2024 that it intends to cure the stock price deficiency and to return to compliance with the NYSE continued listing standard. The Company can regain compliance at any time within the six-month period following receipt of the NYSE notice if on the last trading d
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JP Morgan downgraded Nerdy from Neutral to Underweight
JMP Securities downgraded Nerdy from Mkt Outperform to Mkt Perform
Cantor Fitzgerald downgraded Nerdy from Overweight to Neutral and set a new price target of $1.00 from $6.00 previously
Canaccord Genuity downgraded Nerdy from Buy to Hold and set a new price target of $3.00 from $5.00 previously
Northland Capital downgraded Nerdy from Outperform to Market Perform
JP Morgan downgraded Nerdy from Overweight to Neutral
Raymond James downgraded Nerdy from Outperform to Mkt Perform
JP Morgan resumed coverage of Nerdy with a rating of Overweight and set a new price target of $5.00
Barclays resumed coverage of Nerdy with a rating of Equal Weight and set a new price target of $5.00
Raymond James resumed coverage of Nerdy with a rating of Outperform and set a new price target of $5.50
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TMA Systems, a world-class provider of advanced Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management Solutions (EAMS), today announced the appointment of Todd Miltenberger as Vice President of Finance & Corporate Development. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220323005238/en/Todd Miltenberger Joins TMA Systems as Vice President of Finance & Corporate Development (Photo: Business Wire) Miltenberger comes to TMA with more than 12 years of financial and corporate development experience in both the energy and technology industries. Most recently, as Director of Finance, he helped to execute
IR and Sustainability Veteran Joins Leading Platform for Live Online Learning Nerdy Inc. (NYSE:NRDY), a leading platform for delivering live online learning, today announced that Molly Sorg has joined as Vice President and Head of Investor Relations, where she will help drive Nerdy's financial market strategies and serve as the primary point of contact for investors and analysts. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220105005310/en/Molly Sorg has joined Nerdy Inc. as Vice President and Head of Investor Relations (Photo: Business Wire) "As a newly publicly-traded company, establishing a strong IR function will be critic
Nerdy delivers revenue of $37.5 million in the third quarter, while also enabling access to the Varsity Tutors for Schools platform for 1.1 million students; bringing the total to 4.4 million students. Nerdy reports a non-GAAP adjusted EBITDA loss of $14.0 million, above our guidance of a non-GAAP adjusted EBITDA loss of $17.0 million to negative $19.0 million. Nerdy Inc. (NYSE:NRDY) today announced financial results for the third quarter ended September 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107799741/en/Nerdy Q3 2024 Financial Highlights (Graphic: Business Wire) "During the third quarter, Nerdy continued
Nerdy Inc. (NYSE:NRDY), a leading platform for delivering live online learning, today announced the company will release its third quarter financial results for the period ended September 30, 2024 after the U.S. stock market closes on Thursday, November 7, 2024. Following the release, Nerdy management will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the company's financial and operating results. Interested parties in the U.S. may listen to the call by dialing 1-833-470-1428. International callers can dial 1-404-975-4839. The Access Code is 292021. A live webcast of the call will also be available on Nerdy's investor relations website at https://www.nerdy.com/inv
Nerdy delivers revenue of $51.0 million in the second quarter, while also enabling access to the Varsity Tutors for Schools platform for 1.1 million students; bringing the total to 3.3 million students Nerdy Inc. (NYSE:NRDY) today announced financial results for the second quarter ended June 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240808497404/en/Nerdy Q2 2024 Financial Highlights (Graphic: Business Wire) "During the second quarter, we continued to scale the winning product for every Learner, expand the number of Learners we can impact and lay the foundation to deliver profitable growth. As we enter the back-t
Nerdy Inc. (NYSE:NRDY), a leading platform for delivering live online learning, today announced the company will release its second quarter financial results for the period ended June 30, 2024 after the U.S. stock market closes on Thursday, August 8, 2024. Following the release, Nerdy management will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the company's financial and operating results. Interested parties in the U.S. may listen to the call by dialing 1-833-470-1428. International callers can dial 1-404-975-4839. The Access Code is 448060. A live webcast of the call will also be available on Nerdy's investor relations website at https://www.nerdy.com/investor
Nerdy delivers revenue of $53.7 million in the first quarter, while also enabling access to the Varsity Tutors for Schools platform for 1.2 million students; bringing the total to 2.2 million students Nerdy reaffirms previously provided full year 2024 revenue and non-GAAP adjusted EBITDA guidance Nerdy Inc. (NYSE:NRDY) today announced financial results for the first quarter ended March 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240507294775/en/Nerdy Q1 2024 Financial Highlights (Graphic: Business Wire) "In the first quarter, the convergence of subscription business models and access-based products across Consum
Nerdy Inc. (NYSE:NRDY), a leading platform for delivering live online learning, today announced the company will release its first quarter financial results for the period ended March 31, 2024 after the U.S. stock market closes on Tuesday, May 7, 2024. Following the release, Nerdy management will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the company's financial and operating results. Interested parties in the U.S. may listen to the call by dialing 1-833-470-1428. International callers can dial 1-404-975-4839. The Access Code is 873564. A live webcast of the call will also be available on Nerdy's investor relations website at https://www.nerdy.com/investors. A
Nerdy delivers revenue of $55.1 million in the fourth quarter, an increase of 32% year-over-year, capping the year by delivering accelerating sequential revenue growth each quarter in 2023 Nerdy beats fourth quarter non-GAAP adjusted EBITDA guidance, and delivers substantial Adjusted EBITDA margin improvements of approximately 2,100 bps in 2023 Nerdy Inc. (NYSE:NRDY) today announced financial results for the fourth quarter and year ended December 31, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240227127633/en/Nerdy Q4 2023 Financial Highlights (Graphic: Business Wire) "In the fourth quarter, we completed the evoluti
Nerdy Inc. (NYSE:NRDY), a leading platform for delivering live online learning, today announced the company will release its fourth quarter and full year financial results for the period ended December 31, 2023 after the U.S. stock market closes on Tuesday, February 27, 2024. Following the release, Nerdy management will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the company's financial and operating results. Interested parties in the U.S. may listen to the call by dialing 1-833-470-1428. International callers can dial 1-404-975-4839. The Access Code is 001617. A live webcast of the call will also be available on Nerdy's investor relations website at https://ww
Nerdy accelerates revenue growth, beating third quarter revenue and non-GAAP adjusted EBITDA guidance. Nerdy introduces new District Assigned and Parent Assigned offerings, fully transitioning the Institutional business to access-based subscription products and enabling schools to purchase Learning Memberships for students. Nerdy Inc. (NYSE:NRDY) today announced financial results for the third quarter ended September 30, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231107355525/en/(Graphic: Business Wire) "In the third quarter, our strong first half of the year continued and we delivered revenue and profitability ahe
Nerdy Inc. (NYSE:NRDY), a leading platform for delivering live online learning, today announced the company will release its third quarter financial results for the period ended September 30, 2023 after the U.S. stock market closes on Tuesday, November 7, 2023. Following the release, Nerdy management will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the company's financial and operating results. Interested parties in the U.S. may listen to the call by dialing 1-833-470-1428. International callers can dial 1-404-975-4839. The Access Code is 867265. A live webcast of the call will also be available on Nerdy's investor relations website at https://www.nerdy.com/inv