Nerdy Inc. (NYSE:NRDY) CFO Jason H. Pello Sells 29,530 Shares

Nerdy Inc. (NYSE:NRDY - Get Free Report) CFO Jason H. Pello sold 29,530 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $1.61, for a total value of $47,543.30. Following the transaction, the chief financial officer now directly owns 1,930,604 shares in the company, valued at approximately $3,108,272.44. The trade was a 1.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Nerdy Trading Down 2.8%

NRDY stock traded down $0.05 during trading on Friday, reaching $1.57. The stock had a trading volume of 613,669 shares, compared to its average volume of 1,601,727. The firm has a market cap of $285.53 million, a PE ratio of -3.91 and a beta of 1.92. The stock's 50 day moving average is $1.64 and its two-hundred day moving average is $1.64. Nerdy Inc. has a 52 week low of $0.73 and a 52 week high of $2.18.

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

Institutional Investors Weigh In On Nerdy

A number of hedge funds have recently modified their holdings of the business. Covestor Ltd bought a new position in Nerdy in the 4th quarter worth $26,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Nerdy in the first quarter worth about $26,000. Voya Investment Management LLC purchased a new stake in Nerdy in the first quarter worth about $30,000. ProShare Advisors LLC raised its stake in shares of Nerdy by 55.2% in the fourth quarter. ProShare Advisors LLC now owns 21,350 shares of the company's stock worth $35,000 after buying an additional 7,594 shares during the period. Finally, Virtu Financial LLC raised its stake in shares of Nerdy by 59.1% in the fourth quarter. Virtu Financial LLC now owns 23,294 shares of the company's stock worth $38,000 after buying an additional 8,655 shares during the period. Institutional investors own 39.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lifted their price target on shares of Nerdy from $1.00 to $1.50 and gave the stock a "neutral" rating in a research note 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $2.31.

Nerdy Company Profile

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.