10 Best Artificial Intelligence Stocks to Buy Under $10

4. Nerdy Inc. (NYSE:NRDY)

Number of Hedge Fund Holders: 17

Stock Price: $1.67

Nerdy Inc. (NYSE:NRDY) is a leading innovator in online education, providing a platform that connects learners with qualified educators through live instruction. Founded in 2007 and headquartered in St. Louis, Missouri, the company is transforming education by making personalized learning accessible and convenient through the use of artificial intelligence.

Nerdy Inc. (NYSE:NRDY) delivered a positive first quarter in 2024, exceeding its own guidance across key metrics. Revenue reached $53.7 million, reflecting a 9% year-over-year increase. This strong performance translated into a positive operating cash flow of $4.4 million.

The company has reaffirmed its full-year 2024 revenue guidance of $232-$246 million and expects to generate positive operating cash flow. Moreover, adjusted EBITDA is projected to be in the range of $5-$15 million, indicating a significant improvement in its margin.

Analysts see Nerdy Inc. (NYSE:NRDY) as a promising investment with a current rating of Moderate Buy. This assessment is based on evaluations from 7 analysts in the past 3 months. The 12-month price target for Nerdy Inc. (NYSE:NRDY) sits at $4.46, representing a potential upside of over 160%.