Nerdy (NYSE:NRDY) Insider Sells $23,403.56 in Stock

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 C. Swenson sold 18,428 shares of Nerdy stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $1.27, for a total transaction of $23,403.56. Following the completion of the sale, the insider owned 1,538,397 shares of the company's stock, valued at $1,953,764.19. This trade represents a 1.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nerdy Stock Performance

Shares of NRDY stock traded up $0.02 during trading on Monday, hitting $1.39. The company had a trading volume of 581,739 shares, compared to its average volume of 371,673. The stock's 50-day moving average price is $1.41 and its 200 day moving average price is $1.52. Nerdy Inc. has a one year low of $0.75 and a one year high of $2.18. The firm has a market capitalization of $257.33 million, a P/E ratio of -3.55 and a beta of 1.86.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Nerdy from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Cantor Fitzgerald dropped their price objective on Nerdy from $1.75 to $1.50 and set a "neutral" rating for the company in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Nerdy presently has a consensus rating of "Hold" and an average price target of $1.75.

Institutional Trading of Nerdy

Several hedge funds and other institutional investors have recently made changes to their positions in NRDY. Nuveen Asset Management LLC raised its holdings in Nerdy by 99.5% in the 4th 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 last quarter. GSA Capital Partners LLP bought a new stake in shares of Nerdy in the first quarter worth $649,000. Northern Trust Corp raised its position 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 during the last quarter. Nuveen LLC bought a new position in Nerdy during the 1st quarter worth $508,000. Finally, Jane Street Group LLC grew its position in shares of Nerdy by 70.6% in the 4th quarter. Jane Street Group LLC now owns 79,875 shares of the company's stock valued at $129,000 after buying an additional 33,061 shares during the last quarter. 39.10% of the stock is currently owned by 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.