Tower Research Capital LLC TRC Has $52,000 Stock Holdings in Nerdy, Inc. (NYSE:NRDY)

Tower Research Capital LLC TRC lifted its position in Nerdy, Inc. (NYSE:NRDY) by 1,765.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,051 shares of the company’s stock after purchasing an additional 14,244 shares during the period. Tower Research Capital LLC TRC’s holdings in Nerdy were worth $52,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NRDY. Cutter & CO Brokerage Inc. acquired a new stake in Nerdy during the 3rd quarter worth approximately $41,000. SG Americas Securities LLC bought a new position in shares of Nerdy during the 4th quarter worth approximately $50,000. PEAK6 Investments LLC bought a new position in shares of Nerdy during the 3rd quarter worth approximately $56,000. Aigen Investment Management LP bought a new position in shares of Nerdy during the 3rd quarter worth approximately $59,000. Finally, S Squared Technology LLC bought a new position in shares of Nerdy during the 3rd quarter worth approximately $111,000. 39.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nerdy

In other Nerdy news, CFO Jason H. Pello sold 41,896 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $131,134.48. Following the completion of the sale, the chief financial officer now owns 1,505,244 shares of the company’s stock, valued at approximately $4,711,413.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Nerdy news, insider Christopher C. Swenson sold 25,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $2.96, for a total transaction of $74,000.00. Following the completion of the sale, the insider now owns 1,233,248 shares of the company’s stock, valued at approximately $3,650,414.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason H. Pello sold 41,896 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $3.13, for a total value of $131,134.48. Following the sale, the chief financial officer now directly owns 1,505,244 shares of the company’s stock, valued at approximately $4,711,413.72. The disclosure for this sale can be found here. Over the last three months, insiders bought 217,991 shares of company stock valued at $629,314 and sold 126,091 shares valued at $370,371. 31.35% of the stock is owned by company insiders.

Nerdy Stock Down 4.6 %

Shares of NYSE:NRDY traded down $0.12 during midday trading on Tuesday, hitting $2.59. The stock had a trading volume of 560,591 shares, compared to its average volume of 1,093,980. Nerdy, Inc. has a 12 month low of $2.31 and a 12 month high of $5.37. The business’s 50-day simple moving average is $2.83 and its 200-day simple moving average is $2.98. The company has a market cap of $449.04 million, a P/E ratio of -6.15 and a beta of 1.90.

Nerdy (NYSE:NRDY) last released its earnings results on Tuesday, February 27th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. Nerdy had a negative net margin of 20.77% and a negative return on equity of 48.96%. The business had revenue of $55.10 million during the quarter, compared to analysts’ expectations of $54.77 million. During the same period last year, the business earned ($0.13) earnings per share. The firm’s revenue was up 31.8% on a year-over-year basis. As a group, equities analysts predict that Nerdy, Inc. will post -0.33 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NRDY. Needham & Company LLC reaffirmed a “buy” rating and set a $4.00 price target on shares of Nerdy in a research note on Wednesday, February 28th. JPMorgan Chase & Co. began coverage on shares of Nerdy in a research note on Monday, March 11th. They set an “overweight” rating and a $5.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4.71.

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.