Is Nerdy Stock a Buy?

Nerdy (NYSE: NRDY), a tutoring marketplace start-up, agreed to go public by merging with the special purpose acquisition company (SPAC) TPG Pace Tech Opportunities (NYSE: PACE) back in January. Nerdy doesn't operate a dedicated online education platform like 2U (NASDAQ: TWOU), Coursera (NYSE: COUR), or Udemy. Instead, it operates a freelance marketplace -- more comparable to Fiverr (NYSE: FVRR) or Upwork (NASDAQ: UPWK) -- that connects private tutors to students with live lessons.