Nerdy

NRDY · NYSE

$6.29+$0.24 (+3.97%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $6.05

NRDY analyst rating

HoldConsensus of 1 analyst over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold1
Underperform0
Sell0

12-month price target · 4 analysts

Average $24.86 (+295.3% upside)

Low: $18.94
Now: $6.29
High: $31.50

Upgrades and downgrades

The latest rating actions, newest first

NRDY analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Cantor Fitzgerald	Nov 7, 2025	Maintains	Neutral	$1.50 → $1.00	78%

The case for and against

Updated May 1, 2025

Bull case

Nerdy Inc. has successfully expanded its user base through a freemium strategy, enabling an additional 1.1 million students in the third quarter, bringing total penetration to 4.4 million across 900 districts. The company anticipates a notable increase in consumer engagement moving into 2025, with a year-over-year growth of 26% in 4Q24 and improved new customer retention rates. Furthermore, operational efficiencies have been realized, particularly through leverage across General and Administrative spending, as well as an uptick in deal volume from Varsity Tutors for Schools, resulting in $8.5 million of bookings from 117 paid contracts.

Bear case

Nerdy Inc. has experienced a decline in Consumer revenues of 7.5% year-over-year, amounting to $31.9 million, primarily due to higher than anticipated cancellations among low-frequency members, particularly affecting its lower-priced products. The company reported a total revenue decline of 6.9% year-over-year, with challenges in retention and declining performance in its institutional segment, evidenced by a 2.7% revenue contraction within the Varsity Tutors for Schools business in the third quarter. Additionally, despite some positive surprises in quarterly earnings, forward guidance has been lowered, with 2025 revenue and EBITDA expectations falling significantly below consensus estimates, indicating ongoing pressure on financial performance.

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