Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello Sells 30,282 Shares

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 30,282 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $0.99, for a total value of $29,979.18. Following the transaction, the chief financial officer now owns 2,325,918 shares of the company’s stock, valued at $2,302,658.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nerdy Stock Up 1.0 %

NYSE NRDY opened at $1.05 on Wednesday. Nerdy, Inc. has a 52 week low of $0.73 and a 52 week high of $3.91. The firm has a 50 day moving average of $1.29 and a two-hundred day moving average of $1.95. The stock has a market capitalization of $186.95 million, a PE ratio of -3.75 and a beta of 1.68.

Nerdy (NYSE:NRDY) last issued its earnings results on Thursday, August 8th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The firm had revenue of $50.98 million during the quarter, compared to the consensus estimate of $51.14 million. Nerdy had a negative net margin of 17.23% and a negative return on equity of 41.05%. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. On average, equities research analysts expect that Nerdy, Inc. will post -0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in shares of Nerdy by 11.6% in the 2nd quarter. Rhumbline Advisers now owns 84,739 shares of the company’s stock valued at $142,000 after buying an additional 8,834 shares in the last quarter. nVerses Capital LLC purchased a new stake in Nerdy in the second quarter valued at $34,000. Bayesian Capital Management LP acquired a new position in Nerdy in the first quarter valued at $101,000. ACR Alpine Capital Research LLC grew its holdings in shares of Nerdy by 4.1% during the second quarter. ACR Alpine Capital Research LLC now owns 991,332 shares of the company’s stock worth $1,656,000 after purchasing an additional 39,270 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Nerdy by 28.5% during the second quarter. Bank of New York Mellon Corp now owns 261,917 shares of the company’s stock worth $437,000 after purchasing an additional 58,152 shares during the last quarter. 39.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NRDY has been the topic of several research reports. Cantor Fitzgerald raised Nerdy to a “strong-buy” rating in a research note on Tuesday, August 13th. JMP Securities reduced their price target on shares of Nerdy from $5.00 to $3.00 and set a “market outperform” rating on the stock in a research report on Friday, August 9th. Barclays dropped their price objective on shares of Nerdy from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Canaccord Genuity Group lowered shares of Nerdy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $5.00 to $3.00 in a report on Friday, August 9th. Finally, Raymond James downgraded shares of Nerdy from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $3.58.

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.