Key Points
- Insider sale: Christopher Swenson sold 18,366 shares on March 16 at an average price of $0.90 for $16,529.40, trimming his stake by 0.91% to 2,004,376 shares (valued about $1.80M).
- Earnings miss and weak profitability: Nerdy reported Q EPS of ($0.08) vs. ($0.06) expected, has a negative net margin of 22.3% and ROE of -95.27%, while revenue was $49.11M; analysts forecast -$0.43 EPS for the fiscal year.
- Market and ratings: NRDY trades around $0.81 with a $152.11M market cap (52‑week range $0.77–$1.90), and carries a consensus "Reduce" rating with an average target of $1.00 and a Weiss Ratings "sell (e+)" recommendation.
Nerdy Inc. (NYSE:NRDY - Get Free Report) insider Christopher Swenson sold 18,366 shares of the firm's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $0.90, for a total transaction of $16,529.40. Following the completion of the sale, the insider owned 2,004,376 shares of the company's stock, valued at $1,803,938.40. The trade was a 0.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Nerdy Price Performance
Shares of NRDY stock traded down $0.01 during trading hours on Thursday, reaching $0.81. 46,372 shares of the company were exchanged, compared to its average volume of 815,143. Nerdy Inc. has a fifty-two week low of $0.77 and a fifty-two week high of $1.90. The stock's fifty day moving average is $0.98 and its two-hundred day moving average is $1.10. The company has a market cap of $152.11 million, a price-to-earnings ratio of -2.40 and a beta of 1.80. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.27 and a quick ratio of 2.27.
Nerdy (NYSE:NRDY - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.02). Nerdy had a negative net margin of 22.30% and a negative return on equity of 95.27%. The company had revenue of $49.11 million during the quarter, compared to analyst estimates of $45.75 million. Sell-side analysts forecast that Nerdy Inc. will post -0.43 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Nerdy in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Nerdy currently has a consensus rating of "Reduce" and an average target price of $1.00.
View Our Latest Stock Report on NRDY
Institutional Investors Weigh In On Nerdy
A number of institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC raised its stake in shares of Nerdy by 67.9% during the first quarter. AQR Capital Management LLC now owns 37,660 shares of the company's stock worth $53,000 after buying an additional 15,234 shares during the last quarter. Franklin Resources Inc. boosted its stake in Nerdy by 0.4% in the second quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company's stock valued at $5,950,000 after acquiring an additional 15,674 shares during the last quarter. Geode Capital Management LLC grew its holdings in Nerdy by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,557,017 shares of the company's stock worth $1,620,000 after acquiring an additional 17,325 shares during the period. Jane Street Group LLC raised its position in shares of Nerdy by 27.0% during the 2nd 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 during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Nerdy by 41.9% during the 4th quarter. Bank of America Corp DE now owns 60,565 shares of the company's stock valued at $98,000 after acquiring an additional 17,889 shares during the last quarter. 39.10% of the stock is owned by institutional investors.
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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