Nerdy (NRDY)

• Market cap: $197M
• 1 day: 6.87%
• 5 days: 1.18%
• 1 month: 36.80%
• 3 months: 71.00%
• 6 months: -1.16%
• Year to date: -47.87%
• 1 year: -45.89%
• 5 years: -85.21%
• 10 years: -85.21%
• Sector: Consumer Discretionary
• Industry: Educational Services

About: Nerdy Inc is a curated direct-to-consumer platform for live online learning. Its purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Its comprehensive 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.

Employees: 700

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

2% more funds holding

Funds holding: 87 [Q2] → 89 (+2) [Q3]

9% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 22

5% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 21

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

35.09% less ownership

Funds ownership: 76.11% [Q2] → 41.02% (-35.09%) [Q3]

56% less call options, than puts

Call options by funds: $20K | Put options by funds: $45K

67% less capital invested

Capital invested by funds: $139M [Q2] → $45.6M (-$93M) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $1 42% downside
• Avg. target: $1.67 3% downside
• High target: $2 17% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

Northland Capital Markets Greg Gibas 44% 1-year accuracy 8 / 18 met price target	17% upside $2	Market Perform Maintained	8 Nov 2024
Cantor Fitzgerald Brett Knoblauch 70% 1-year accuracy 54 / 77 met price target	42% downside $1	Neutral Downgraded	8 Nov 2024
Needham Ryan MacDonald 56% 1-year accuracy 38 / 68 met price target	17% upside $2	Buy Reiterated	8 Nov 2024