Nerdy (NYSE:NRDY) CFO Sells $38,407.20 in Stock

Nerdy Inc. (NYSE:NRDY) CFO Jason Pello sold 32,006 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $1.20, for a total value of $38,407.20. Following the completion of the sale, the chief financial officer directly owned 1,696,049 shares in the company, valued at $2,035,258.80. This trade represents a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Nerdy Trading Up 3.1%

NYSE NRDY traded up $0.04 during trading on Thursday, hitting $1.18. 1,222,735 shares of the company’s stock were exchanged, compared to its average volume of 779,087. The company has a market cap of $220.11 million, a PE ratio of -3.36 and a beta of 1.78. Nerdy Inc. has a fifty-two week low of $0.77 and a fifty-two week high of $2.02. The stock’s 50 day moving average price is $1.11 and its two-hundred day moving average price is $1.35.

Nerdy (NYSE:NRDY) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.06. Nerdy had a negative net margin of 22.95% and a negative return on equity of 81.74%. The company had revenue of $37.02 million during the quarter, compared to the consensus estimate of $38.77 million. Analysts forecast that Nerdy Inc. will post -0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald dropped their price objective on shares of Nerdy from $1.50 to $1.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Wall Street Zen raised shares of Nerdy from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nerdy in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $1.25.

Institutional Investors Weigh In On Nerdy

Several large investors have recently added to or reduced their stakes in NRDY. Bank of America Corp DE lifted its stake in Nerdy by 41.9% in the fourth quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock valued at $98,000 after buying an additional 17,889 shares during the period. Nuveen LLC bought a new stake in shares of Nerdy in the 1st quarter valued at $508,000. AQR Capital Management LLC lifted its position in shares of Nerdy by 67.9% during the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock valued at $53,000 after acquiring an additional 15,234 shares during the period. Strs Ohio bought a new position in Nerdy during the first quarter worth $56,000. Finally, Voya Investment Management LLC acquired a new stake in Nerdy in the first quarter worth $30,000. Institutional investors and hedge funds own 39.10% of the company’s stock.

Nerdy Company Profile

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.