Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
27 November 2020Website:
http://www.nerdy.comNext earnings report:
08 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:41:43 GMTDividend
Analysts recommendations
Institutional Ownership
NRDY Latest News
Nerdy's (NRDY) Varsity Tutors for Schools to enhance learning opportunities for Trinity Lutheran School students with on-demand resources and personalized tutoring support.
Nerdy's Varsity Tutors for Schools has partnered with Prague High School to provide students with free access until 2030.
Nerdy's freemium strategy for its institutional business is proving successful, with strong booking momentum in this area. By leveraging AI to create educational content and streamline customer service, Nerdy can potentially reduce future operating costs. I continue to recommend buying Nerdy stock based on the growth potential of its institutional segment and the cost-saving opportunities associated with AI.
In general, it is best to stick with familiar strategies and avoid high-risk stocks. This can be compared to using a longball approach in football.
Nerdy's (NRDY) Varsity Tutors for Schools to enhance learning opportunities for Rossville School District students with on-demand resources and personalized tutoring support.
Nerdy, Inc. (NRDY) Q4 2023 Earnings Call Transcript
Nerdy Inc. (NRDY) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to break-even earnings per share a year ago.
Entering 2024, a shift toward optimism emerges in the market, with eased monetary policies potentially opening doors for penny stocks to rebound. Savvy investors, drawn to overlooked opportunities, may find penny stocks appealing for their explosive long-term gains with even a modest investment.
Nerdy, Inc. is an online tutoring platform that has transitioned into a recurring revenue model, offers scalable membership solutions, and invests in AI functionality. The company has upsold its products to offer high-dosage tutoring on a district, teacher, and parent level, and has incorporated AI to increase engagement. Nerdy has seen impressive YoY revenue growth, record-breaking gross profit margins, and a threefold increase in average revenue per member per month.
Nerdy Inc. (NRDY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 1(current)
What type of business is Nerdy?
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.
What sector is Nerdy in?
Nerdy is in the Technology sector
What industry is Nerdy in?
Nerdy is in the Software Application industry
What country is Nerdy from?
Nerdy is headquartered in United States
When did Nerdy go public?
Nerdy initial public offering (IPO) was on 27 November 2020
What is Nerdy website?
https://www.nerdy.com
Is Nerdy in the S&P 500?
No, Nerdy is not included in the S&P 500 index
Is Nerdy in the NASDAQ 100?
No, Nerdy is not included in the NASDAQ 100 index
Is Nerdy in the Dow Jones?
No, Nerdy is not included in the Dow Jones index
When does Nerdy report earnings?
The next expected earnings date for Nerdy is 08 August 2024