Nerdy Announces Second Quarter 2024 Financial Results
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Canaccord Genuity Downgrades Nerdy (NRDY) to Hold
August 9, 2024 9:47 AM EDTCanaccord Genuity analyst Maria Ripps downgraded Nerdy (NYSE: NRDY) from Buy to Hold with a price target of $3.00 (from $5.00).
The analyst comments "Nerdy reported mixed Q2 results, with revenue slightly below CGe as Active Members grew by ~15% y/y but declined by more than 10K q/q, and ARPM was down roughly 20% y/y amidst a mix shift to... More
