Key Points
- CFO Jason Pello sold 75,000 shares on December 10 at an average price of $1.39 for $104,250, trimming his stake by 4.16% to 1,728,055 shares.
- Nerdy reported ($0.10) EPS (beating estimates) and $37.02M revenue for the quarter but remains unprofitable with a negative net margin (~22.95%); the stock trades around $1.36 with a market cap of about $253.8M and a 52‑week range of $0.77–$2.18.
- Analyst sentiment is cautious — the consensus rating is "Reduce" with an average target of $1.25, and Cantor Fitzgerald recently cut its target to $1.00 (two holds, one sell).
Nerdy Inc. (NYSE:NRDY - Get Free Report) CFO Jason Pello sold 75,000 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $1.39, for a total value of $104,250.00. Following the completion of the transaction, the chief financial officer directly owned 1,728,055 shares of the company's stock, valued at approximately $2,401,996.45. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Nerdy Stock Up 1.1%
Nerdy stock opened at $1.36 on Friday. The company has a fifty day simple moving average of $1.12 and a 200-day simple moving average of $1.36. The firm has a market capitalization of $253.84 million, a price-to-earnings ratio of -3.87 and a beta of 1.78. Nerdy Inc. has a 52-week low of $0.77 and a 52-week high of $2.18.
Nerdy (NYSE:NRDY - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share 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 firm had revenue of $37.02 million for the quarter, compared to the consensus estimate of $38.77 million. On average, research analysts anticipate that Nerdy Inc. will post -0.43 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts recently commented on NRDY shares. Weiss Ratings reiterated a "sell (e+)" rating on shares of Nerdy in a research report on Wednesday, October 8th. Wall Street Zen raised Nerdy from a "sell" rating to a "hold" rating in a research note on Sunday, November 16th. Finally, Cantor Fitzgerald lowered their price target on shares of Nerdy from $1.50 to $1.00 and set a "neutral" rating on the stock in a research report on Friday, November 7th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $1.25.
View Our Latest Report on Nerdy
Hedge Funds Weigh In On Nerdy
Several large investors have recently modified their holdings of the business. Franklin Resources Inc. grew its holdings in shares of Nerdy by 0.4% during the 2nd quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company's stock worth $5,950,000 after purchasing an additional 15,674 shares during the period. Nuveen LLC acquired a new position in Nerdy in the first quarter valued at about $508,000. Moneta Group Investment Advisors LLC boosted its stake in Nerdy by 170.7% during the third 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. Marshall Wace LLP acquired a new stake in shares of Nerdy during the second quarter valued at about $221,000. Finally, XTX Topco Ltd acquired a new stake in shares of Nerdy during the first quarter valued at about $188,000. Institutional investors and hedge funds own 39.10% of the company's stock.
About Nerdy
(
Get Free Report)
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.
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