COUR - Nerdy: Making Some Progress
2024-07-17 09:59:53 ET
Summary
- Today, we take a look at online learning provider Nerdy, Inc. for the first time in two years.
- The company focuses on online learning for K-8, high school, college, and professional licensing, transitioning to an access-based consumer subscription model.
- Despite struggling with profitability, Nerdy's institutional offerings show growth potential, and the company's founder recently made a large insider purchase.
- An updated analysis around Nerdy follows in the paragraphs below.
Shares of online learning platform Nerdy, Inc. ( NRDY ) cratered 73% since August 2023 to an all-time low of $1.47 on June 7, 2024. This nadir occurred one month after Nerdy posted first quarter results . The company continues to struggle with profitability as it looks to significantly increase its share of the K-12 school district market to 20% by YE24 with its freemium approach....
Nerdy: Making Some Progress