Nerdy (NYSE:NRDY) Insider Christopher Swenson Sells 18,428 Shares

Key Points

• Insider Sale: Nerdy insider Christopher Swenson sold 18,428 shares at an average price of $1.27, reducing his position by 1.18% to approximately $1.96 million.
• Stock Performance: Nerdy shares have increased by 6.7% recently, trading at $1.36, with a 12-month range between $0.75 and $2.18.
• Analyst Ratings: The consensus rating for Nerdy stock is "Hold" with an average price target of $1.75, following recent downgrades from Cantor Fitzgerald and Wall Street Zen.

Nerdy Inc. (NYSE:NRDY - Get Free Report) insider Christopher Swenson sold 18,428 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $1.27, for a total transaction of $23,403.56. Following the sale, the insider owned 1,538,397 shares in the company, valued at approximately $1,953,764.19. This represents a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Nerdy Trading Up 6.7%

Shares of Nerdy stock traded up $0.09 during trading hours on Thursday, reaching $1.36. The stock had a trading volume of 338,536 shares, compared to its average volume of 343,034. Nerdy Inc. has a twelve month low of $0.75 and a twelve month high of $2.18. The stock's 50 day moving average is $1.42 and its 200 day moving average is $1.53.

Nerdy (NYSE:NRDY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.03. The company had revenue of $45.26 million during the quarter, compared to analysts' expectations 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NRDY shares. Cantor Fitzgerald dropped their price target 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 report on Friday, September 5th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $1.75.

Institutional Trading of Nerdy

Hedge funds and other institutional investors have recently modified their holdings of the business. Nuveen Asset Management LLC grew its stake in shares of Nerdy by 99.5% in the fourth quarter. Nuveen Asset Management LLC now owns 410,523 shares of the company's stock worth $665,000 after acquiring an additional 204,760 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Nerdy in the first quarter valued at $649,000. Northern Trust Corp grew its stake in Nerdy by 12.2% during the 4th quarter. Northern Trust Corp now owns 684,590 shares of the company's stock worth $1,109,000 after purchasing an additional 74,233 shares in the last quarter. Nuveen LLC acquired a new position in Nerdy during the 1st quarter worth $508,000. Finally, Jane Street Group LLC increased its holdings in Nerdy by 70.6% during the 4th quarter. Jane Street Group LLC now owns 79,875 shares of the company's stock worth $129,000 after purchasing an additional 33,061 shares during the period. 39.10% of the stock is owned by institutional investors and hedge funds.

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.

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