Nerdy, Inc. (NYSE:NRDY) CFO Sells $93,751.01 in Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 37,351 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $2.51, for a total transaction of $93,751.01. Following the completion of the transaction, the chief financial officer now directly owns 1,578,238 shares of the company’s stock, valued at approximately $3,961,377.38. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Nerdy Stock Performance

NRDY traded down $0.01 during trading on Monday, hitting $2.51. 1,164,313 shares of the stock were exchanged, compared to its average volume of 841,156. Nerdy, Inc. has a 1 year low of $1.86 and a 1 year high of $5.37. The firm has a market cap of $430.83 million, a price-to-earnings ratio of -5.34 and a beta of 2.18. The firm has a 50 day simple moving average of $3.28 and a 200 day simple moving average of $3.75.

Nerdy (NYSE:NRDY) last released its quarterly earnings data on Tuesday, November 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. The firm had revenue of $40.30 million for the quarter, compared to the consensus estimate of $39.05 million. Nerdy had a negative net margin of 24.01% and a negative return on equity of 58.63%. The company’s quarterly revenue was up 27.1% on a year-over-year basis. During the same period last year, the firm earned ($0.32) earnings per share. As a group, equities analysts anticipate that Nerdy, Inc. will post -0.51 earnings per share for the current fiscal year.

Institutional Trading of Nerdy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in Nerdy by 3,036.0% during the 1st quarter. Royal Bank of Canada now owns 5,488 shares of the company’s stock valued at $28,000 after purchasing an additional 5,313 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Nerdy in the second quarter worth about $27,000. Goodwin Daniel L acquired a new stake in shares of Nerdy during the second quarter worth about $42,000. Price T Rowe Associates Inc. MD purchased a new stake in Nerdy in the first quarter valued at approximately $45,000. Finally, Citigroup Inc. acquired a new position in Nerdy in the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 38.42% of the company’s stock.

Wall Street Analyst Weigh In

NRDY has been the subject of several recent analyst reports. The Goldman Sachs Group dropped their price objective on shares of Nerdy from $5.00 to $3.00 and set a “neutral” rating for the company in a research note on Thursday, November 9th. Raymond James decreased their price objective on shares of Nerdy from $5.50 to $4.00 and set an “outperform” rating for the company in a research note on Wednesday, November 8th. JMP Securities reaffirmed a “market outperform” rating and set a $6.00 target price on shares of Nerdy in a research note on Monday, August 21st. Barclays boosted their price objective on Nerdy from $3.50 to $5.00 in a report on Wednesday, August 9th. Finally, Needham & Company LLC decreased their target price on Nerdy from $7.00 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4.67.

About Nerdy

Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including AI 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.