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 H. Pello sold 30,714 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $1.27, for a total transaction of $39,006.78. Following the completion of the sale, the chief financial officer directly owned 1,847,024 shares in the company, valued at $2,345,720.48. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Nerdy Trading Up 1.1%

Shares of NRDY traded up $0.02 during mid-day trading on Monday, reaching $1.39. The company had a trading volume of 581,739 shares, compared to its average volume of 371,673. Nerdy Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $2.18. The firm has a fifty day simple moving average of $1.41 and a 200-day simple moving average of $1.52. The stock has a market cap of $257.33 million, a price-to-earnings ratio of -3.55 and a beta of 1.86.

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, topping the consensus estimate of ($0.10) by $0.03. The business had revenue of $45.26 million for the quarter, compared to analyst estimates of $46.60 million. Nerdy had a negative return on equity of 77.11% and a negative net margin of 24.91%. Nerdy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Nerdy Inc. will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NRDY. Cantor Fitzgerald cut their target price on shares of Nerdy from $1.75 to $1.50 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Wall Street Zen cut Nerdy from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. 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 company. According to MarketBeat, Nerdy has an average rating of "Hold" and an average target price of $1.75.

Institutional Investors Weigh In On Nerdy

Several hedge funds and other institutional investors have recently bought and sold shares of NRDY. Bank of America Corp DE boosted its holdings in Nerdy by 236.2% in the second quarter. Bank of America Corp DE now owns 123,534 shares of the company's stock worth $201,000 after purchasing an additional 86,791 shares during the period. Jane Street Group LLC raised its stake in Nerdy by 27.0% during the second quarter. Jane Street Group LLC now owns 83,470 shares of the company's stock worth $136,000 after acquiring an additional 17,768 shares during the period. Marshall Wace LLP bought a new position in Nerdy in the second quarter worth about $221,000. Franklin Resources Inc. lifted its holdings in Nerdy by 0.4% in the second quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company's stock worth $5,950,000 after acquiring an additional 15,674 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new position in Nerdy in the first quarter valued at approximately $30,000. 39.10% of the stock is currently owned by hedge funds and other institutional investors.

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.