Key Points
- COO John Andrew Paszterko sold 18,457 shares on January 16 at an average price of $1.01 for $18,641.57, trimming his stake by 3.08% to 581,543 shares valued about $587,358.
- Nerdy shares trade around $0.98 (1‑year range $0.77–$2.02) with a market cap of ~$183.8M; the company reported Q EPS of ($0.10) (beating estimates) but has negative margins and analysts carry a consensus "Reduce" rating with a $1.25 price target.
Nerdy Inc. (NYSE:NRDY - Get Free Report) COO John Andrew Paszterko sold 18,457 shares of Nerdy stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $1.01, for a total value of $18,641.57. Following the completion of the transaction, the chief operating officer owned 581,543 shares in the company, valued at $587,358.43. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Nerdy Stock Performance
NRDY stock opened at $0.98 on Wednesday. Nerdy Inc. has a one year low of $0.77 and a one year high of $2.02. The firm has a market cap of $183.77 million, a price-to-earnings ratio of -2.80 and a beta of 1.80. The firm has a 50-day simple moving average of $1.12 and a two-hundred day simple moving average of $1.25.
Nerdy (NYSE:NRDY - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.06. The firm had revenue of $37.02 million for the quarter, compared to the consensus estimate of $38.77 million. Nerdy had a negative net margin of 22.95% and a negative return on equity of 81.74%. As a group, equities analysts predict that Nerdy Inc. will post -0.43 earnings per share for the current fiscal year.
Institutional Trading of Nerdy
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC purchased a new stake in Nerdy during the 1st quarter valued at about $30,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of 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 purchasing an additional 150,000 shares during the period. Marshall Wace LLP purchased a new stake in Nerdy in the second quarter valued at approximately $221,000. Bank of America Corp DE boosted its position in Nerdy by 236.2% in the second quarter. Bank of America Corp DE now owns 123,534 shares of the company's stock valued at $201,000 after buying an additional 86,791 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in Nerdy by 27.0% in the 2nd quarter. Jane Street Group LLC now owns 83,470 shares of the company's stock worth $136,000 after buying an additional 17,768 shares during the period. Institutional investors and hedge funds own 39.10% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on NRDY shares. Cantor Fitzgerald decreased their price objective on 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 upgraded Nerdy from a "sell" rating to a "hold" rating in a research note on Sunday, November 16th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Nerdy in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $1.25.
Check Out Our Latest Research Report on Nerdy
Nerdy Company Profile
(
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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