Christopher C. Swenson Sells 17,718 Shares of Nerdy Inc. (NYSE:NRDY) Stock

Nerdy Inc. (NYSE:NRDY - Get Free Report) insider Christopher C. Swenson sold 17,718 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $1.61, for a total value of $28,525.98. Following the completion of the sale, the insider now directly owns 1,594,670 shares of the company's stock, valued at approximately $2,567,418.70. This represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Nerdy Price Performance

Shares of NRDY stock traded down $0.05 during trading hours on Friday, hitting $1.57. 613,669 shares of the company's stock were exchanged, compared to its average volume of 1,601,727. The stock has a market cap of $285.53 million, a price-to-earnings ratio of -3.91 and a beta of 1.92. Nerdy Inc. has a 52 week low of $0.73 and a 52 week high of $2.18. The stock's 50-day moving average is $1.64 and its 200-day moving average is $1.64.

Nerdy (NYSE:NRDY - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.05. Nerdy had a negative net margin of 24.79% and a negative return on equity of 69.06%. The firm had revenue of $47.60 million during the quarter, compared to analysts' expectations of $46.22 million. Equities research analysts forecast that Nerdy Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nerdy

Several institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC grew its stake in shares of Nerdy by 55.2% during the 4th quarter. ProShare Advisors LLC now owns 21,350 shares of the company's stock worth $35,000 after acquiring an additional 7,594 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Nerdy by 33.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,263 shares of the company's stock worth $50,000 after purchasing an additional 7,607 shares during the last quarter. Virtu Financial LLC grew its position in Nerdy by 59.1% in the fourth quarter. Virtu Financial LLC now owns 23,294 shares of the company's stock valued at $38,000 after purchasing an additional 8,655 shares in the last quarter. Wells Fargo & Company MN increased its stake in Nerdy by 56.2% in the 4th quarter. Wells Fargo & Company MN now owns 36,122 shares of the company's stock valued at $59,000 after buying an additional 13,000 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in Nerdy by 10.7% in the 4th quarter. Citizens Financial Group Inc. RI now owns 155,000 shares of the company's stock valued at $251,000 after buying an additional 15,000 shares during the last quarter. Institutional investors own 39.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upped their target price on Nerdy from $1.00 to $1.50 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Nerdy has an average rating of "Hold" and a consensus target price of $2.31.

About Nerdy

Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including artificial intelligence to connect students, users, parents, guardians, and purchasers of various ages to tutors, instructors, subject matter experts, educators, and other professionals, delivering value on both sides of the network.