Key Points
- Christopher Swenson sold 35,000 Nerdy (NRDY) shares on Dec. 22 at an average price of $1.33 for about $46,550, reducing his stake by 2.35% to 1,455,383 shares (SEC filing disclosed).
- Nerdy shares opened at $1.08, trade in a 52-week range of $0.77–$2.02 with a market cap of ~$201.4M, and the company remains unprofitable (negative P/E and ROE); last quarter it beat EPS estimates but missed revenue expectations.
- Analyst sentiment is mixed-to-negative — recent notes include an upgrade to "hold" by Wall Street Zen, a "sell" from Weiss, and Cantor Fitzgerald's neutral call with a $1.00 target, leaving a MarketBeat consensus rating of "Reduce" and a $1.25 price target.
Nerdy Inc. (NYSE:NRDY - Get Free Report) insider Christopher Swenson sold 35,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $1.33, for a total transaction of $46,550.00. Following the completion of the transaction, the insider directly owned 1,455,383 shares of the company's stock, valued at approximately $1,935,659.39. The trade was a 2.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Nerdy Price Performance
Shares of NYSE NRDY opened at $1.08 on Tuesday. Nerdy Inc. has a 1-year low of $0.77 and a 1-year high of $2.02. The business's 50 day moving average is $1.12 and its two-hundred day moving average is $1.31. The stock has a market capitalization of $201.38 million, a P/E ratio of -3.07 and a beta of 1.78.
Nerdy (NYSE:NRDY - Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.06. Nerdy had a negative return on equity of 81.74% and a negative net margin of 22.95%.The firm had revenue of $37.02 million during the quarter, compared to analysts' expectations of $38.77 million. As a group, equities research analysts anticipate that Nerdy Inc. will post -0.43 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
NRDY has been the subject of several analyst reports. Wall Street Zen upgraded shares of Nerdy from a "sell" rating to a "hold" rating in a report on Sunday, November 16th. Weiss Ratings reissued a "sell (e+)" rating on shares of Nerdy in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald dropped their target price on Nerdy from $1.50 to $1.00 and set a "neutral" rating for the company in a research report on Friday, November 7th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $1.25.
Get Our Latest Stock Analysis on NRDY
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in NRDY. Voya Investment Management LLC bought a new stake in Nerdy during the 1st quarter valued at about $30,000. AQR Capital Management LLC grew its stake in Nerdy by 67.9% in the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company's stock worth $53,000 after acquiring an additional 15,234 shares in the last quarter. Strs Ohio purchased a new position in shares of Nerdy during the first quarter worth approximately $56,000. Bank of America Corp DE increased its position in shares of Nerdy by 41.9% during the fourth quarter. Bank of America Corp DE now owns 60,565 shares of the company's stock worth $98,000 after acquiring an additional 17,889 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of Nerdy by 27.0% during the second quarter. Jane Street Group LLC now owns 83,470 shares of the company's stock valued at $136,000 after acquiring an additional 17,768 shares in the last quarter. Hedge funds and other institutional investors own 39.10% of the company's stock.
About Nerdy
(
Get Free Report)
Nerdy, Inc (NYSE:NRDY) is an American education technology company that operates a live online learning marketplace. Through its flagship Varsity Tutors platform, the company connects students, professionals and lifelong learners with a network of thousands of educators for personalized one-on-one tutoring, group classes and test preparation. The platform leverages proprietary matching algorithms to pair learners with instructors based on subject expertise, learning style and scheduling preferences.
Founded in 2007 by entrepreneur Chuck Cohn, Nerdy began as Varsity Tutors in Washington, DC, before establishing its headquarters in St.
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