Insider Selling: Nerdy (NYSE:NRDY) CFO Sells 30,714 Shares of Stock

Key Points

• Nerdy Inc. CFO Jason Pello sold 30,714 shares of the company's stock on September 16th at an average price of $1.27, reducing his ownership by 1.64%.
• Following the sale, the CFO retained approximately 1.8 million shares valued at around $2.35 million.
• Nerdy Inc. has seen a recent 6.7% increase in stock price, reaching $1.36 during mid-day trading, despite posting a negative net margin of 24.91% in its latest earnings report.

Nerdy Inc. (NYSE:NRDY - Get Free Report) CFO Jason Pello sold 30,714 shares of the firm's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $1.27, for a total value of $39,006.78. Following the completion of the transaction, the chief financial officer directly owned 1,847,024 shares of the company's stock, valued at approximately $2,345,720.48. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Nerdy Trading Up 6.7%

Shares of NRDY stock traded up $0.09 during mid-day trading on Thursday, reaching $1.36. The company's stock had a trading volume of 338,536 shares, compared to its average volume of 343,034. The firm's 50-day moving average is $1.42 and its two-hundred day moving average is $1.53. Nerdy Inc. has a 1-year low of $0.75 and a 1-year high of $2.18.

Nerdy (NYSE:NRDY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.03. Nerdy had a negative net margin of 24.91% and a negative return on equity of 77.11%. The business had revenue of $45.26 million for the quarter, compared to analyst estimates of $46.60 million. Nerdy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Nerdy Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Trading of Nerdy

Several hedge funds have recently modified their holdings of the stock. Northern Trust Corp lifted its position in Nerdy by 12.2% during the 4th quarter. Northern Trust Corp now owns 684,590 shares of the company's stock valued at $1,109,000 after purchasing an additional 74,233 shares during the period. Jane Street Group LLC raised its stake in shares of Nerdy by 70.6% during the fourth quarter. Jane Street Group LLC now owns 79,875 shares of the company's stock worth $129,000 after buying an additional 33,061 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Nerdy by 41.9% during the fourth quarter. Bank of America Corp DE now owns 60,565 shares of the company's stock worth $98,000 after buying an additional 17,889 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Nerdy by 99.5% in the fourth quarter. Nuveen Asset Management LLC now owns 410,523 shares of the company's stock valued at $665,000 after buying an additional 204,760 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in Nerdy by 55.2% in the fourth quarter. ProShare Advisors LLC now owns 21,350 shares of the company's stock valued at $35,000 after buying an additional 7,594 shares during the period. 39.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NRDY has been the subject of several analyst reports. Wall Street Zen downgraded Nerdy from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Cantor Fitzgerald cut their price objective on Nerdy from $1.75 to $1.50 and set a "neutral" rating for the company in a report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $1.75.

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.

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