Key Points
- Insider sale: COO John Andrew Paszterko sold 31,788 shares on April 16 at an average of $0.93 for $29,562.84 to cover tax withholding, cutting his stake by 2.69% to 1,149,755 shares (disclosed in an SEC filing).
- Financial picture and outlook: Nerdy reported Q4 EPS of ($0.08) that missed estimates while revenue of $49.11M beat expectations, but the company has negative margins and ROE; analysts have a consensus "Reduce" rating with a $1.00 target and expect about -0.2 EPS for the year.
Nerdy Inc. (NYSE:NRDY - Get Free Report) COO John Andrew Paszterko sold 31,788 shares of the firm's stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $0.93, for a total transaction of $29,562.84. Following the sale, the chief operating officer owned 1,149,755 shares of the company's stock, valued at $1,069,272.15. This trade represents a 2.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Nerdy Stock Performance
NYSE NRDY opened at $0.93 on Tuesday. Nerdy Inc. has a 52-week low of $0.75 and a 52-week high of $1.90. The company has a 50-day simple moving average of $0.90 and a 200 day simple moving average of $1.03. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.27 and a current ratio of 2.27. The company has a market capitalization of $175.21 million, a PE ratio of -2.73 and a beta of 1.84.
Nerdy (NYSE:NRDY - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $49.11 million for the quarter, compared to analysts' expectations of $45.75 million. On average, research analysts predict that Nerdy Inc. will post -0.2 EPS for the current year.
Institutional Investors Weigh In On Nerdy
Several institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in Nerdy during the fourth quarter valued at about $25,000. Engineers Gate Manager LP purchased a new stake in Nerdy during the fourth quarter valued at about $28,000. Bridgeway Capital Management LLC raised its holdings 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 during the period. Abel Hall LLC bought a new stake in Nerdy during the 4th quarter valued at $67,000. Finally, Symmetry Peak Management LLC bought a new stake in Nerdy during the 4th quarter valued at $26,000. 39.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Nerdy in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Nerdy currently has a consensus rating of "Reduce" and a consensus price target of $1.00.
View Our Latest Stock Report on Nerdy
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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