Key Points
- CFO Jason Pello sold 75,000 shares on March 10 at an average price of $0.92 for about $69,000, reducing his stake by 2.83% to 2,571,235 shares; the sale was disclosed in an SEC Form 4.
- Nerdy stock trades around $0.92 with a market cap of ~$173 million, and the company reported quarterly EPS of ($0.08) (missing estimates) despite revenue of $49.11 million; profitability metrics remain negative (ROE and net margin).
- About 39.1% of the shares are held by institutions, while analyst coverage is limited and cautious—average rating "Reduce" with a consensus price target near $1.00.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CFO Jason Pello sold 75,000 shares of Nerdy stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $0.92, for a total value of $69,000.00. Following the transaction, the chief financial officer owned 2,571,235 shares in the company, valued at approximately $2,365,536.20. This trade represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Nerdy Price Performance
NRDY stock traded up $0.00 during trading hours on Friday, hitting $0.92. 149,669 shares of the stock traded hands, compared to its average volume of 829,340. The stock has a 50-day simple moving average of $0.99 and a 200 day simple moving average of $1.12. Nerdy Inc. has a one year low of $0.77 and a one year high of $1.90. The company has a market cap of $173.09 million, a P/E ratio of -2.72 and a beta of 1.80. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.67.
Nerdy (NYSE:NRDY - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Nerdy had a negative return on equity of 95.27% and a negative net margin of 22.30%.The business had revenue of $49.11 million during the quarter, compared to the consensus estimate of $45.75 million. Equities analysts forecast that Nerdy Inc. will post -0.43 earnings per share for the current year.
Hedge Funds Weigh In On Nerdy
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew 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 valued at $300,000 after buying an additional 150,000 shares in the last quarter. Marshall Wace LLP purchased a new position in Nerdy during the 2nd quarter valued at about $221,000. Bridgeway Capital Management LLC grew its stake in Nerdy by 62.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 265,100 shares of the company's stock valued at $276,000 after acquiring an additional 102,400 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of Nerdy in the fourth quarter worth approximately $101,000. Finally, Bank of America Corp DE grew its position in Nerdy by 236.2% during the second quarter. Bank of America Corp DE now owns 123,534 shares of the company's stock valued at $201,000 after purchasing an additional 86,791 shares in the last quarter. 39.10% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
NRDY has been the topic of several research reports. Wall Street Zen raised 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 Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $1.00.
Check Out Our Latest 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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