Nerdy (NYSE:NRDY) CFO Sells $36,933.96 in Stock

Nerdy Inc. (NYSE:NRDY) CFO Jason Pello sold 43,969 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $0.84, for a total value of $36,933.96. Following the completion of the sale, the chief financial officer owned 1,803,055 shares of the company’s stock, valued at approximately $1,514,566.20. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Nerdy Stock Up 0.8%

Shares of NRDY traded up $0.01 during trading hours on Tuesday, hitting $0.84. The company had a trading volume of 1,328,486 shares, compared to its average volume of 505,710. The business has a fifty day moving average of $1.14 and a 200-day moving average of $1.41. Nerdy Inc. has a 12 month low of $0.77 and a 12 month high of $2.18. The firm has a market cap of $157.73 million, a price-to-earnings ratio of -2.41 and a beta of 1.82.

Nerdy (NYSE:NRDY) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.06. The company had revenue of $37.02 million during the quarter, compared to the consensus estimate of $38.77 million. Nerdy had a negative return on equity of 81.74% and a negative net margin of 22.95%. Nerdy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts expect that Nerdy Inc. will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Nerdy

A number of institutional investors and hedge funds have recently made changes to their positions in NRDY. Franklin Resources Inc. raised its holdings in Nerdy by 0.4% during the 2nd quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company’s stock valued at $5,950,000 after buying an additional 15,674 shares during the period. GSA Capital Partners LLP bought a new stake in Nerdy during the 1st quarter valued at about $649,000. Nuveen LLC purchased a new position in shares of Nerdy during the first quarter worth approximately $508,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of Nerdy by 170.7% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 237,883 shares of the company’s stock worth $300,000 after buying an additional 150,000 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Nerdy by 8.0% in the first quarter. Bank of New York Mellon Corp now owns 223,757 shares of the company’s stock worth $318,000 after acquiring an additional 16,613 shares during the period. 39.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald dropped their target price on Nerdy from $1.50 to $1.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Wall Street Zen raised shares of Nerdy from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Nerdy in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $1.25.

About Nerdy

Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including artificial intelligence to connect students, users, parents, guardians, and purchasers of various ages to tutors, instructors, subject matter experts, educators, and other professionals, delivering value on both sides of the network.