Nerdy (NRDY)
Market Price (8/8/2026): $0.75 | Market Cap: $94.8 MilSector: Information Technology | Industry: Application Software
Nerdy (NRDY)
Market Price (8/8/2026): $0.75Market Cap: $94.8 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -20% Megatrend and thematic driversMegatrends include Cloud Computing, E-commerce & Digital Retail, and Social Media & Creator Economy. Themes include Software as a Service (SaaS), Show more. | Weak multi-year price returns2Y Excs Rtn is -100%, 3Y Excs Rtn is -157% | Penny stockMkt Price is 0.8 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -45 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -25% Weak revenue growthRev Chg QQuarterly Revenue Change % is -4.5% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.9% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -36% Key risksNRDY key risks include [1] its history of net losses and challenges achieving profitability, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -20% |
| Megatrend and thematic driversMegatrends include Cloud Computing, E-commerce & Digital Retail, and Social Media & Creator Economy. Themes include Software as a Service (SaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -100%, 3Y Excs Rtn is -157% |
| Penny stockMkt Price is 0.8 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -45 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -25% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -4.5% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.9% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -36% |
| Key risksNRDY key risks include [1] its history of net losses and challenges achieving profitability, Show more. |
Qualitative Assessment
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Nerdy (NRDY) stock has lost about 15% since 4/30/2026 because of the following key factors:
1. Reduced Full-Year 2026 Revenue Guidance and Strategic Exits.
Nerdy revised its full-year 2026 revenue guidance downwards from a previous range of $180 million-$190 million to $168 million-$175 million. This reduction was attributed to the company's strategic decision to exit its lower-return Varsity Tutors for Schools and First Tutors businesses.
2. Weakened Full-Year 2026 Adjusted EBITDA Guidance.
Concurrent with the revenue guidance cut, Nerdy also lowered its full-year 2026 non-GAAP adjusted EBITDA guidance to a loss of $4 million to breakeven, from the prior expectation of approximately breakeven. This suggests a more challenging outlook for profitability for the fiscal year ending December 31, 2026.
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Nerdy (NRDY) stock has lost about 15% since 4/30/2026 because of the following key factors:
1. Reduced Full-Year 2026 Revenue Guidance and Strategic Exits.
Nerdy revised its full-year 2026 revenue guidance downwards from a previous range of $180 million-$190 million to $168 million-$175 million. This reduction was attributed to the company's strategic decision to exit its lower-return Varsity Tutors for Schools and First Tutors businesses.
2. Weakened Full-Year 2026 Adjusted EBITDA Guidance.
Concurrent with the revenue guidance cut, Nerdy also lowered its full-year 2026 non-GAAP adjusted EBITDA guidance to a loss of $4 million to breakeven, from the prior expectation of approximately breakeven. This suggests a more challenging outlook for profitability for the fiscal year ending December 31, 2026.
3. Continued Decline in Active Learning Memberships.
As of June 30, 2026, the close of fiscal Q2 2026, active learning memberships decreased by 5% year-over-year to 29.1 thousand. While management noted that the rate of decline has moderated for four consecutive quarters and anticipates a return to positive growth by the end of 2026, the ongoing contraction of the customer base signals underlying pressure.
4. Reduced Year-End Cash Balance Expectations.
The company adjusted its year-end cash balance expectations downward from $40 million-$45 million to $30 million-$32 million. This revision reflects lower anticipated collections and an estimated $2 million-$4 million in exit-related costs, which are predominantly expected to be incurred in fiscal Q3 2026.
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Stock Movement Drivers
Fundamental Drivers
The -15.4% change in NRDY stock from 4/30/2026 to 8/7/2026 was primarily driven by a -12.7% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.89 | 0.76 | -15.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 179 | 178 | -0.5% |
| P/S Multiple | 0.6 | 0.5 | -12.7% |
| Shares Outstanding (Mil) | 123 | 126 | -2.6% |
| Cumulative Contribution | -15.4% |
Market Drivers
4/30/2026 to 8/7/2026| Return | Correlation | |
|---|---|---|
| NRDY | -15.4% | |
| Market (SPY) | 7.6% | 13.2% |
| Sector (XLK) | 17.8% | 8.2% |
Fundamental Drivers
The -22.8% change in NRDY stock from 1/31/2026 to 8/7/2026 was primarily driven by a -20.0% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.98 | 0.76 | -22.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 178 | 178 | 0.1% |
| P/S Multiple | 0.7 | 0.5 | -20.0% |
| Shares Outstanding (Mil) | 122 | 126 | -3.7% |
| Cumulative Contribution | -22.8% |
Market Drivers
1/31/2026 to 8/7/2026| Return | Correlation | |
|---|---|---|
| NRDY | -22.8% | |
| Market (SPY) | 12.1% | 25.9% |
| Sector (XLK) | 30.8% | 18.2% |
Fundamental Drivers
The -49.9% change in NRDY stock from 7/31/2025 to 8/7/2026 was primarily driven by a -44.8% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.51 | 0.76 | -49.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 184 | 178 | -3.3% |
| P/S Multiple | 1.0 | 0.5 | -44.8% |
| Shares Outstanding (Mil) | 118 | 126 | -6.3% |
| Cumulative Contribution | -49.9% |
Market Drivers
7/31/2025 to 8/7/2026| Return | Correlation | |
|---|---|---|
| NRDY | -49.9% | |
| Market (SPY) | 23.4% | 26.7% |
| Sector (XLK) | 43.7% | 17.3% |
Fundamental Drivers
The -84.7% change in NRDY stock from 7/31/2023 to 8/7/2026 was primarily driven by a -80.5% change in the company's P/S Multiple.| (LTM values as of) | 7312023 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.94 | 0.76 | -84.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 165 | 178 | 8.0% |
| P/S Multiple | 2.7 | 0.5 | -80.5% |
| Shares Outstanding (Mil) | 92 | 126 | -27.4% |
| Cumulative Contribution | -84.7% |
Market Drivers
7/31/2023 to 8/7/2026| Return | Correlation | |
|---|---|---|
| NRDY | -84.7% | |
| Market (SPY) | 74.9% | 31.5% |
| Sector (XLK) | 114.7% | 26.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NRDY Return | -59% | -50% | 52% | -53% | -36% | -19% | -92% |
| Peers Return | -16% | -13% | 31% | -11% | -23% | -4% | -37% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| NRDY Win Rate | 42% | 50% | 42% | 33% | 33% | 38% | |
| Peers Win Rate | 41% | 50% | 60% | 42% | 50% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| NRDY Max Drawdown | -63% | -67% | -53% | -79% | -58% | -33% | |
| Peers Max Drawdown | -47% | -43% | -36% | -49% | -53% | -33% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CHGG, COUR, LRN, LOPE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)
How Low Can It Go
| Event | NRDY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -30.6% | -18.8% |
| % Gain to Breakeven | 44.0% | 23.1% |
| Time to Breakeven | 63 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -51.6% | -7.8% |
| % Gain to Breakeven | 106.7% | 8.5% |
| Time to Breakeven | 109 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -22.1% | -6.7% |
| % Gain to Breakeven | 28.4% | 7.1% |
| Time to Breakeven | 5 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -60.5% | -24.5% |
| % Gain to Breakeven | 153.2% | 32.4% |
| Time to Breakeven | 419 days | 427 days |
In The Past
Nerdy's stock fell -30.6% during the 2025 US Tariff Shock. Such a loss loss requires a 44.0% gain to breakeven.
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Asset Allocation
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| Event | NRDY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -30.6% | -18.8% |
| % Gain to Breakeven | 44.0% | 23.1% |
| Time to Breakeven | 63 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -51.6% | -7.8% |
| % Gain to Breakeven | 106.7% | 8.5% |
| Time to Breakeven | 109 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -22.1% | -6.7% |
| % Gain to Breakeven | 28.4% | 7.1% |
| Time to Breakeven | 5 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -60.5% | -24.5% |
| % Gain to Breakeven | 153.2% | 32.4% |
| Time to Breakeven | 419 days | 427 days |
In The Past
Nerdy's stock fell -30.6% during the 2025 US Tariff Shock. Such a loss loss requires a 44.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Nerdy (NRDY)
Nerdy, Inc. (NRDY) is an educational technology company that operates a proprietary platform for live online learning. Leveraging advanced technology, including AI, Nerdy connects learners of various ages with expert instructors across a wide array of subjects. The company's fundamental purpose is to create value for both sides of its network: individuals seeking to learn and educators looking to share their expertise.
The company's learning destination offers a diverse range of educational experiences tailored to different needs and preferences. These formats include personalized one-on-one instruction, interactive small group classes, larger format group classes, and adaptive self-study programs. Nerdy's flagship business, Varsity Tutors, is central to its offerings, providing live online tutoring and class solutions.
Nerdy serves a dual customer base, making its solutions available directly to individual learners who seek supplemental education or skill development. Furthermore, the company partners with and provides its services to institutions such as schools and other organizations, integrating its robust online learning platform into their educational ecosystems to support broader learning initiatives.
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Here are 1-3 brief analogies to describe Nerdy (NRDY):
- An Uber for live online tutoring and classes.
- A Chegg for live online instruction and one-on-one tutoring.
- A modern, AI-powered Sylvan Learning Center, delivered entirely online.
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- Live Online Tutoring and Classes (Varsity Tutors): Nerdy's flagship service provides personalized and group live online learning experiences across various subjects.
- One-on-one Instruction: Dedicated live online sessions connecting a single learner with an expert for personalized learning.
- Small Group Classes: Live online learning sessions designed for a limited number of learners to interact with an instructor.
- Large Format Group Classes: Live online educational sessions catering to a larger audience, typically for broader subject coverage.
- Adaptive Self-Study: Technology-driven self-paced learning experiences tailored to individual learner progress and needs.
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Nerdy (NRDY) primarily serves individual learners directly, although it also has offerings through schools and other institutions. Based on the description of its platform connecting "learners of various ages to experts" and its flagship business "Varsity Tutors," its major customer categories are:
-
K-12 Students (and their parents/guardians): This segment includes students from elementary to high school seeking academic support, homework help, test preparation (e.g., SAT, ACT, AP exams), and subject-specific tutoring across a wide range of subjects.
-
College/University Students: Learners pursuing higher education who need assistance with specific college-level courses, academic challenges, or preparation for standardized graduate school entrance exams (e.g., GRE, GMAT, LSAT).
-
Adult Learners/Professionals: Individuals seeking to acquire new skills, pursue professional development, prepare for certifications, or engage in personal enrichment learning across various subjects and disciplines offered on the platform.
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Major Suppliers:
- Amazon Web Services (part of Amazon.com, Inc. - AMZN)
- Google Cloud Platform (part of Alphabet Inc. - GOOGL)
- Stripe
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Chuck Cohn, Founder, Chairman & CEO
Chuck Cohn founded Varsity Tutors (which became Nerdy) in 2007 during his junior year of college. He bootstrapped the company and, prior to focusing on Nerdy full-time, worked in energy & power investment banking at Wells Fargo Securities (Wachovia) and healthcare private equity at Ascension Ventures, an $800M AUM private equity fund. He also held positions as a Principal at A.G. Edwards & Sons, Inc., Wachovia Bank NA, and Principal-Global Sourcing at Harbour Group Industries, Inc. Nerdy went public in February 2021. He has a BSBA in Finance & Entrepreneurship from Washington University in St. Louis. Cohn founded Varsity Tutors LLC and Live Learning Technologies LLC in 2007.
Jason Pello, Chief Financial Officer
Jason Pello has 18 years of progressive experience in Finance and Accounting. Before joining Nerdy, he served as Vice President - Corporate FP&A at SAVE-A-LOT, a grocery chain owned by private equity. He also held roles as Vice President - Internal Audit and Interim Vice President FP&A at Caleres (formerly Brown Shoe Company), a publicly traded shoe retailer, and spent five years at Peabody Energy, a Fortune 500 coal company. Pello began his career at PwC, spending eight years in the firm's Assurance practice. He holds Bachelor's and Master's degrees in Accounting from the University of Missouri and is a registered CPA in Missouri.
John Paszterko, Chief Operating Officer
John Paszterko was appointed Chief Operating Officer of Nerdy on August 26, 2025. He joined Nerdy from Amazon, where he spent over nine years, most recently as Head of North America Customer Fulfillment (NACF) operations efficiency and technology integration. Prior to his time at Amazon, Paszterko served 10 years in the U.S. Army. He is a graduate of the United States Military Academy at West Point and holds a Master of Science in Global Business and Finance from Georgetown University.
Rian Schilligo, Chief People Officer
Rian Schilligo is the Chief People Officer at Nerdy, Inc. Her background includes serving as the VP of HR Business Partners, Talent Strategy, and Talent Acquisition at Caleres, Inc., a publicly traded footwear company, where she supported growth through diverse brand acquisitions. Schilligo holds a Master of Business Administration (MBA) degree in Human Resource Management and Marketing from Loyola University Chicago.
Chris Swenson, Chief Legal Officer
Chris Swenson serves as Nerdy's Chief Legal Officer and Corporate Secretary, having started the company's legal department in May 2015 as VP & General Counsel. He previously was a partner at Polsinelli PC, where he led the firm's startup ventures group, and served as outside counsel for Nerdy (then Varsity Tutors) since 2008. Swenson played a role in taking Varsity Tutors public through Nerdy Inc. in 2021. He holds a BSBA and a BA from Washington University in St. Louis and a JD from the University of Missouri-Kansas City.
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The key risks to Nerdy's (NRDY) business include its challenges with NYSE compliance due to a low stock price and persistent unprofitability, intense competition in the online learning market leading to customer retention issues, and the impact of expiring federal funding on its institutional segment.
- NYSE Compliance and Persistent Unprofitability: Nerdy is currently facing compliance challenges with the New York Stock Exchange (NYSE) because its Class A common stock has traded below $1.00 for 30 consecutive days. The company is considering a reverse stock split to address this issue and regain compliance. This situation highlights persistent financial pressures, as Nerdy has reported ongoing net losses and negative operating cash flows, with profitability not expected in the near term.
- Intense Competition and Customer Retention Challenges: The online learning sector is highly competitive, with Nerdy facing rivals from both traditional education providers and other online platforms. Despite efforts to increase average revenue per member, the company has experienced a decline in active learning memberships, raising concerns about its ability to attract and retain customers in this crowded market.
- Dependence on Institutional Clients and Expiring Funding: Nerdy's institutional business segment is encountering significant headwinds due to the expiration of Elementary and Secondary School Emergency Relief (ESSER) funding. This federal funding has been a key driver of revenue in the education sector, and its absence is expected to lead to a continued decline in institutional revenue throughout 2025.
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Nerdy, Inc. (NRDY) operates within the expansive online learning and tutoring markets. The company's main products and services, primarily delivered through its flagship business Varsity Tutors, encompass live online tutoring and classes, which fall under the broader categories of e-learning and online tutoring services.
Addressable Market Sizes:
- Global E-learning Services Market: The global e-learning services market was valued at approximately USD 299.67 billion in 2024. This market is projected to grow significantly, reaching an estimated USD 842.64 billion by 2030, with a compound annual growth rate (CAGR) of 19.0% from 2025 to 2030. Another source indicates a market size of USD 356.66 billion in 2025, projected to reach USD 1,307.62 billion by 2032, with a CAGR of 20.39%.
- U.S. E-learning Market: The e-learning market in the United States exceeded USD 128.37 billion in 2024 and is expected to reach USD 278.27 billion by 2033, growing at a CAGR of 8.83% between 2025 and 2033. Another report estimates the U.S. e-learning market size at USD 145.52 billion in 2025, projected to reach USD 302.18 billion by 2034, with a CAGR of 8.46% from 2026-2034.
- Global Online Tutoring Market: The global online tutoring market was valued at USD 37.74 billion in 2023. It is forecasted to reach USD 386.56 billion by 2032, growing at a CAGR of 29.5% during the forecast period of 2024-2032. Other estimates place the global online tutoring market at USD 8.36 billion in 2024, projected to grow to USD 27.63 billion by 2034, at a 12.7% CAGR. Another report states the market size as USD 8 billion in 2024, projected to reach USD 18.2 billion by 2030, with a CAGR of 14.6%.
- North America Online Tutoring Market: North America held a share of over 30% in the global online tutoring market in 2020. In 2024, North America's online tutoring services market dominated with a revenue share of over 35%.
- U.S. Private Tutoring Market: The private tutoring market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 15.74 billion by 2032.
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Nerdy (NRDY) anticipates several key drivers to fuel its revenue growth over the next two to three years:
- Expansion of Consumer Learning Memberships and Increased Average Revenue Per Member (ARPM): Nerdy is focused on growing its consumer base by shifting towards higher-frequency, higher-value learning memberships. This strategy, combined with price increases for new consumer customers and improved user experiences, is expected to boost Average Revenue Per Member (ARPM) and enhance customer retention, thereby driving overall consumer revenue growth.
- Leveraging the Live+AI™ Platform and AI-Native Capabilities: The company completed the replatforming and launch of its Live+AI™ platform using AI-native coding in the fourth quarter of 2025. This advanced platform is projected to deliver more personalized learning experiences, increase the effectiveness of expert tutors, accelerate product development velocity, and improve unit economics, all contributing to future revenue expansion.
- Growth in Institutional Revenue (Varsity Tutors for Schools): Following challenges due to federal and state funding delays in 2025, Nerdy expects a more stable funding environment in the latter half of 2026. The flow-through of 2025 bookings into 2026, alongside the anticipated launch of new offerings for its Varsity Tutors for Schools segment, is expected to drive a return to growth in institutional revenue.
- Enhanced Operational Efficiency and Profitability for Reinvestment: Continuous improvements in operational efficiency, including AI-enabled productivity gains and diligent cost control, are leading to improved profitability. This stronger financial position allows Nerdy to make strategic investments in growth initiatives and enhance the learner experience, indirectly supporting and enabling future revenue expansion.
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Share Repurchases
No information is available regarding formal share repurchase programs authorized or executed by Nerdy (NRDY) over the last 3-5 years.
Share Issuance
- Nerdy became a public company in September 2021 through an IPO.
- The number of outstanding shares for Nerdy increased significantly between 2021 and 2025. Shares outstanding grew from 79.23 million at the end of 2021 to 121.666 million by the end of 2025, indicating share issuances during this period.
Capital Expenditures
- In Q4 2025, capital expenditures amounted to $5.4 million.
- Product development costs, which are a component of capital allocation towards growth and improvement, were $9.6 million in Q4 2025, and $10.7 million in Q1 2025.
- Nerdy completed a replatforming and launched its Live+AI™ platform using AI-native coding during Q4 2025, representing a significant investment in technology and the learner experience.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Nerdy Earnings Notes | 12/16/2025 | |
| 7-Day Rally Sends Nerdy Stock Up 50% | 11/27/2025 | |
| Would You Still Hold Nerdy Stock If It Fell Another 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 5.81 |
| Mkt Cap | 1.4 |
| Rev LTM | 885 |
| Op Inc LTM | -45 |
| FCF LTM | 11 |
| FCF 3Y Avg | 57 |
| CFO LTM | 34 |
| CFO 3Y Avg | 88 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.7% |
| Rev Chg 3Y Avg | 7.2% |
| Rev Chg Q | -2.7% |
| QoQ Delta Rev Chg LTM | -0.7% |
| Op Inc Chg LTM | 9.4% |
| Op Inc Chg 3Y Avg | 11.3% |
| Op Mgn LTM | -8.8% |
| Op Mgn 3Y Avg | -12.7% |
| QoQ Delta Op Mgn LTM | 2.6% |
| CFO/Rev LTM | 3.9% |
| CFO/Rev 3Y Avg | 15.0% |
| FCF/Rev LTM | 1.2% |
| FCF/Rev 3Y Avg | 8.0% |
Price Behavior
| Market Price | $0.76 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 11/27/2020 | |
| Distance from 52W High | -49.6% | |
| 50 Days | 200 Days | |
| DMA Price | $0.89 | $0.96 |
| DMA Trend | down | indeterminate |
| Distance from DMA | -14.7% | -21.3% |
| 3M | 1YR | |
| Volatility | 61.1% | 59.5% |
| Downside Capture | 97.81 | 181.02 |
| Upside Capture | 21.27 | 60.31 |
| Correlation (SPY) | 17.1% | 26.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.60 | 0.53 | 0.71 | 1.05 | 1.30 | 1.50 |
| Up Beta | -0.58 | 0.57 | 0.79 | 1.58 | 1.93 | 1.60 |
| Down Beta | 1.53 | 0.85 | 0.49 | 0.89 | 0.83 | 1.05 |
| Up Capture | -8% | 47% | 51% | 57% | 62% | 130% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 11 | 22 | 30 | 55 | 103 | 323 |
| Down Capture | 141% | 40% | 103% | 118% | 142% | 111% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 21 | 33 | 70 | 137 | 391 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NRDY | |
|---|---|---|---|---|
| NRDY | -46.1% | 59.8% | -0.80 | - |
| Sector ETF (XLK) | 43.7% | 25.9% | 1.36 | 16.6% |
| Equity (SPY) | 23.3% | 12.8% | 1.36 | 25.9% |
| Gold (GLD) | 28.5% | 28.4% | 0.87 | 6.2% |
| Commodities (DBC) | 32.9% | 19.8% | 1.32 | -16.5% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 17.0% |
| Bitcoin (BTCUSD) | -44.2% | 42.9% | -1.23 | 19.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NRDY | |
|---|---|---|---|---|
| NRDY | -40.1% | 77.1% | -0.31 | - |
| Sector ETF (XLK) | 20.5% | 25.8% | 0.71 | 28.3% |
| Equity (SPY) | 13.5% | 17.2% | 0.61 | 32.7% |
| Gold (GLD) | 18.6% | 18.6% | 0.81 | 5.9% |
| Commodities (DBC) | 8.2% | 19.6% | 0.31 | 4.5% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 26.3% |
| Bitcoin (BTCUSD) | 8.8% | 53.0% | 0.35 | 20.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NRDY | |
|---|---|---|---|---|
| NRDY | -22.7% | 73.2% | -0.29 | - |
| Sector ETF (XLK) | 24.6% | 24.9% | 0.89 | 27.5% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 31.8% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | 6.0% |
| Commodities (DBC) | 7.4% | 18.0% | 0.33 | 4.4% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 25.3% |
| Bitcoin (BTCUSD) | 58.2% | 66.2% | 0.98 | 18.1% |
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Returns Analyses
Earnings Returns History
Updated 8/6/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | -2.0% | -5.2% | -7.9% |
| 2/26/2026 | 3.9% | -1.9% | -13.4% |
| 11/6/2025 | -8.0% | -5.3% | 51.9% |
| 8/7/2025 | -14.7% | -15.3% | -13.3% |
| 5/8/2025 | -6.1% | 8.0% | 9.2% |
| 2/27/2025 | -4.4% | 1.9% | -8.2% |
| 11/7/2024 | -7.3% | -5.6% | 84.3% |
| 8/8/2024 | -48.1% | -44.6% | -43.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 5 | 5 | 7 |
| # Negative | 14 | 14 | 12 |
| Median Positive | 5.0% | 5.8% | 30.4% |
| Median Negative | -11.7% | -14.5% | -11.8% |
| Max Positive | 31.1% | 43.4% | 84.3% |
| Max Negative | -48.1% | -44.6% | -43.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | -2.0% | -5.2% | -7.9% |
| 2/26/2026 | 3.9% | -1.9% | -13.4% |
| 11/6/2025 | -8.0% | -5.3% | 51.9% |
| 8/7/2025 | -14.7% | -15.3% | -13.3% |
| 5/8/2025 | -6.1% | 8.0% | 9.2% |
| 2/27/2025 | -4.4% | 1.9% | -8.2% |
| 11/7/2024 | -7.3% | -5.6% | 84.3% |
| 8/8/2024 | -48.1% | -44.6% | -43.3% |
| 5/7/2024 | -8.7% | -18.5% | -41.9% |
| 2/27/2024 | -18.4% | -9.2% | -3.9% |
| 11/7/2023 | -17.7% | -15.2% | -5.2% |
| 8/8/2023 | -18.8% | -13.9% | -6.4% |
| 5/9/2023 | -2.9% | 5.8% | 0.6% |
| 2/28/2023 | 31.1% | 43.4% | 62.9% |
| 11/14/2022 | 15.3% | 3.3% | -10.2% |
| 8/15/2022 | 5.0% | -24.0% | -21.2% |
| 5/16/2022 | -24.9% | -18.3% | 30.4% |
| 2/28/2022 | 1.6% | -11.5% | 13.1% |
| 11/15/2021 | -21.3% | -22.4% | -31.4% |
| SUMMARY STATS | |||
| # Positive | 5 | 5 | 7 |
| # Negative | 14 | 14 | 12 |
| Median Positive | 5.0% | 5.8% | 30.4% |
| Median Negative | -11.7% | -14.5% | -11.8% |
| Max Positive | 31.1% | 43.4% | 84.3% |
| Max Negative | -48.1% | -44.6% | -43.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 02/28/2022 | 10-K |
| 09/30/2021 | 11/15/2021 | 10-Q |
| 06/30/2021 | 10/25/2021 | 424B3 |
Recent Forward Guidance
Updated 8/7/2026Latest: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | 32.00 Mil | 33.50 Mil | 35.00 Mil | ||||
| 2026 Revenue | 168.00 Mil | 171.50 Mil | 175.00 Mil | -7.3% | Lowered | Guidance: 185.00 Mil for 2026 | |
| Q3 2026 Non-GAAP Adjusted EBITDA | -9.00 Mil | -7.50 Mil | -6.00 Mil | ||||
| 2026 Non-GAAP Adjusted EBITDA | -4.00 Mil | -2.00 Mil | 0 | Lowered | Guidance: 0 for 2026 | ||
Prior: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 42.00 Mil | 43.00 Mil | 44.00 Mil | -8.5% | Lower New | Guidance: 47.00 Mil for Q1 2026 | |
| Q2 2026 Non-GAAP Adjusted EBITDA | -2.00 Mil | -1.00 Mil | 0 | Lower New | Guidance: 0 for Q1 2026 | ||
| 2026 Revenue | 180.00 Mil | 185.00 Mil | 190.00 Mil | 0 | Affirmed | Guidance: 185.00 Mil for 2026 | |
| 2026 Non-GAAP Adjusted EBITDA | 0 | Affirmed | Guidance: 0 for 2026 | ||||
Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 46.00 Mil | 47.00 Mil | 48.00 Mil | 2.2% | Higher New | Guidance: 46.00 Mil for Q4 2025 | |
| Q1 2026 Non-GAAP Adjusted EBITDA | 0 | Higher New | Guidance: -1.00 Mil for Q4 2025 | ||||
| 2026 Revenue | 180.00 Mil | 185.00 Mil | 190.00 Mil | 5.1% | Higher New | Guidance: 176.00 Mil for 2025 | |
| 2026 Non-GAAP Adjusted EBITDA | 0 | Higher New | Guidance: -20.00 Mil for 2025 | ||||
Q3 2025 Earnings Reported 11/6/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | 45.00 Mil | 46.00 Mil | 47.00 Mil | ||||
| Q4 2025 Non-GAAP Adjusted EBITDA Loss | -2.00 Mil | -1.00 Mil | 0 | ||||
| 2025 Revenue | 175.00 Mil | 176.00 Mil | 177.00 Mil | -9.3% | Lowered | Guidance: 194.00 Mil for 2025 | |
| 2025 Non-GAAP Adjusted EBITDA Loss | -21.00 Mil | -20.00 Mil | -19.00 Mil | 33.3% | Lowered | Guidance: -15.00 Mil for 2025 | |
Insider Activity
Updated 7/20/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Paszterko, John Andrew | Chief Operating Officer | Direct | Sell | 7202026 | 0.83 | 31,034 | 25,758 | 1,426,538 | Form |
| 2 | Callaway, Kyle | Chief Accounting Officer | Direct | Sell | 7202026 | 0.83 | 13,377 | 11,103 | 404,310 | Form |
| 3 | Swenson, Christopher C | Chief Legal Officer | Direct | Sell | 7202026 | 0.83 | 22,707 | 18,847 | 2,049,207 | Form |
| 4 | Swenson, Christopher C | Chief Legal Officer | Direct | Sell | 6182026 | 0.88 | 20,153 | 17,735 | 1,664,635 | Form |
| 5 | Cohn, Charles K | Chief Executive Officer | Charles K. Cohn Revocable Trust Agreement Dated February 10, 2016 | Buy | 6162026 | 1.00 | 250,007 | 250,007 | 978,311 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Paszterko, John Andrew | Chief Operating Officer | Direct | Sell | 7202026 | 0.83 | 31,034 | 25,758 | 1,426,538 | Form |
| 2 | Callaway, Kyle | Chief Accounting Officer | Direct | Sell | 7202026 | 0.83 | 13,377 | 11,103 | 404,310 | Form |
| 3 | Swenson, Christopher C | Chief Legal Officer | Direct | Sell | 7202026 | 0.83 | 22,707 | 18,847 | 2,049,207 | Form |
| 4 | Swenson, Christopher C | Chief Legal Officer | Direct | Sell | 6182026 | 0.88 | 20,153 | 17,735 | 1,664,635 | Form |
| 5 | Cohn, Charles K | Chief Executive Officer | Charles K. Cohn Revocable Trust Agreement Dated February 10, 2016 | Buy | 6162026 | 1.00 | 250,007 | 250,007 | 978,311 | Form |
| 6 | Cohn, Charles K | Chief Executive Officer | Charles K. Cohn Revocable Trust Agreement Dated February 10, 2016 | Buy | 6152026 | 1.00 | 251,081 | 251,081 | 728,304 | Form |
| 7 | Cohn, Charles K | Chief Executive Officer | Charles K. Cohn Revocable Trust Agreement Dated February 10, 2016 | Buy | 6112026 | 0.91 | 219,019 | 199,307 | 199,307 | Form |
| 8 | Swenson, Christopher C | Chief Legal Officer | Direct | Sell | 5202026 | 0.80 | 22,796 | 18,237 | 1,529,427 | Form |
| 9 | Paszterko, John Andrew | Chief Operating Officer | Direct | Sell | 4202026 | 0.93 | 31,788 | 29,563 | 1,069,272 | Form |
| 10 | Swenson, Christopher C | Chief Legal Officer | Direct | Sell | 4202026 | 0.93 | 69,796 | 64,910 | 1,799,159 | Form |
| 11 | Swenson, Christopher C | Chief Legal Officer | Direct | Sell | 3182026 | 0.90 | 18,366 | 16,529 | 1,803,938 | Form |
| 12 | Pello, Jason H | Chief Financial Officer | Direct | Sell | 3182026 | 0.90 | 30,609 | 27,548 | 2,286,563 | Form |
| 13 | Pello, Jason H | Chief Financial Officer | Direct | Sell | 3122026 | 0.92 | 75,000 | 69,000 | 2,365,536 | Form |
| 14 | Pello, Jason H | Chief Financial Officer | Direct | Sell | 2182026 | 0.97 | 49,814 | 48,320 | 2,566,848 | Form |
| 15 | Swenson, Christopher C | Chief Legal Officer | Direct | Sell | 2182026 | 0.97 | 32,641 | 31,662 | 1,962,060 | Form |
| 16 | Paszterko, John Andrew | Chief Operating Officer | Direct | Sell | 1202026 | 1.01 | 18,457 | 18,642 | 587,358 | Form |
| 17 | Swenson, Christopher C | Chief Legal Officer | Direct | Sell | 12292025 | 1.33 | 35,000 | 46,550 | 1,935,659 | Form |
| 18 | Pello, Jason H | Chief Financial Officer | Direct | Sell | 12182025 | 1.20 | 32,006 | 38,407 | 2,035,259 | Form |
| 19 | Swenson, Christopher C | Chief Legal Officer | Direct | Sell | 12182025 | 1.20 | 19,204 | 23,045 | 1,788,460 | Form |
| 20 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust U/A/D 3/16/2017 | Buy | 12182025 | 1.22 | 197,242 | 240,635 | 40,097,952 | Form |
| 21 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust U/A/D 3/16/2017 | Buy | 12172025 | 1.36 | 174,076 | 236,743 | 44,431,108 | Form |
| 22 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust U/A/D 3/16/2017 | Buy | 12162025 | 1.38 | 180,353 | 248,887 | 44,844,281 | Form |
| 23 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust U/A/D 3/16/2017 | Buy | 12152025 | 1.38 | 180,000 | 248,400 | 44,595,394 | Form |
| 24 | Pello, Jason H | Chief Financial Officer | Direct | Sell | 12122025 | 1.39 | 75,000 | 104,250 | 2,401,996 | Form |
| 25 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust U/A/D 3/16/2017 | Buy | 12122025 | 1.40 | 174,947 | 244,926 | 44,989,704 | Form |
| 26 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust U/A/D 3/16/2017 | Buy | 12112025 | 1.44 | 176,215 | 253,750 | 46,023,201 | Form |
| 27 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust U/A/D 3/16/2017 | Buy | 12102025 | 1.33 | 184,491 | 245,373 | 42,273,174 | Form |
| 28 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust U/A/D 3/16/2017 | Buy | 12092025 | 1.40 | 177,969 | 249,157 | 44,239,790 | Form |
| 29 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust U/A/D 3/16/2017 | Buy | 12082025 | 1.37 | 186,930 | 256,094 | 43,047,977 | Form |
| 30 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust U/A/D 3/16/2017 | Buy | 12052025 | 1.31 | 181,672 | 238,857 | 41,066,774 | Form |
| 31 | Cohn, Charles K | Chief Executive Officer | Cohn Family Investments Trust dtd 5/24/18 | Buy | 12042025 | 1.26 | 198,100 | 249,606 | 1,610,925 | Form |
| 32 | Cohn, Charles K | Chief Executive Officer | Cohn Family Investments Trust dtd 5/24/18 | Buy | 12032025 | 1.32 | 189,000 | 249,480 | 1,426,144 | Form |
| 33 | Cohn, Charles K | Chief Executive Officer | Cohn Family Investments Trust dtd 5/24/18 | Buy | 12022025 | 1.32 | 80,708 | 106,535 | 1,176,664 | Form |
| 34 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust 5/24/18 | Buy | 12012025 | 1.25 | 144,783 | 180,979 | 1,925,384 | Form |
| 35 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust 5/24/18 | Buy | 11282025 | 1.16 | 119,242 | 138,321 | 1,618,808 | Form |
| 36 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust 5/24/18 | Buy | 11262025 | 1.05 | 238,749 | 250,686 | 1,340,096 | Form |
| 37 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust 5/24/18 | Buy | 11252025 | 1.06 | 187,200 | 198,432 | 1,099,785 | Form |
| 38 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust U/A/D 3/16/2017 | Buy | 11252025 | 1.07 | 70,010 | 74,911 | 33,227,009 | Form |
| 39 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust U/A/D 3/16/2017 | Buy | 11242025 | 0.98 | 203,500 | 199,430 | 30,363,604 | Form |
| 40 | Cohn, Charles K | Chief Executive Officer | Cohn Family Trust U/A/D 3/16/2017 | Buy | 11212025 | 0.91 | 270,578 | 246,226 | 28,009,590 | Form |
| 41 | Pello, Jason H | Chief Financial Officer | Direct | Sell | 11182025 | 0.84 | 43,969 | 36,934 | 1,514,566 | Form |
| 42 | Swenson, Christopher C | Chief Legal Officer | Direct | Sell | 11182025 | 0.84 | 28,810 | 24,200 | 1,268,053 | Form |
| 43 | Mrva, Gregory | Direct | Sell | 11142025 | 0.85 | 25,000 | 21,250 | 583,092 | Form | |
| 44 | Mrva, Gregory | Direct | Sell | 11142025 | 0.89 | 25,000 | 22,250 | 632,782 | Form | |
| 45 | Swenson, Christopher C | Chief Legal Officer | Direct | Sell | 9182025 | 1.27 | 18,428 | 23,404 | 1,953,764 | Form |
| 46 | Pello, Jason H | Chief Financial Officer | Direct | Sell | 9182025 | 1.27 | 30,714 | 39,007 | 2,345,720 | Form |
| 47 | Blunt, Abigail | Direct | Buy | 9032025 | 1.36 | 25,000 | 34,000 | 307,360 | Form | |
| 48 | Swenson, Christopher C | Chief Legal Officer | Direct | Sell | 8202025 | 1.27 | 37,845 | 48,063 | 1,977,168 | Form |
| 49 | Pello, Jason H | Chief Financial Officer | Direct | Sell | 8202025 | 1.27 | 52,866 | 67,140 | 2,384,727 | Form |
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Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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