Nerdy (NYSE:NRDY) CFO Sells $69,000.00 in Stock

Nerdy Inc. (NYSE:NRDY) CFO Jason Pello sold 75,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $0.92, for a total transaction of $69,000.00. Following the transaction, the chief financial officer owned 2,571,235 shares in the company, valued at approximately $2,365,536.20. This trade represents a 2.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nerdy Trading Up 0.5%

NRDY opened at $0.92 on Friday. The firm has a 50 day simple moving average of $0.99 and a 200 day simple moving average of $1.11. Nerdy Inc. has a fifty-two week low of $0.77 and a fifty-two week high of $1.90. The company has a market cap of $173.09 million, a price-to-earnings ratio of -2.72 and a beta of 1.80. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.27 and a quick ratio of 2.27.

Nerdy (NYSE:NRDY) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Nerdy had a negative return on equity of 95.27% and a negative net margin of 22.30%.The company had revenue of $49.11 million during the quarter, compared to the consensus estimate of $45.75 million. On average, sell-side analysts anticipate that Nerdy Inc. will post -0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NRDY shares. Wall Street Zen upgraded Nerdy from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nerdy in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $1.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in shares of Nerdy in the fourth quarter valued at about $25,000. Symmetry Peak Management LLC bought a new stake in shares of Nerdy during the 4th quarter worth approximately $26,000. Engineers Gate Manager LP acquired a new stake in shares of Nerdy in the 4th quarter valued at approximately $28,000. AQR Capital Management LLC grew its stake in shares of Nerdy by 67.9% in the first quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock valued at $53,000 after buying an additional 15,234 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Nerdy in the first quarter valued at $56,000. Institutional investors and hedge funds own 39.10% of the company’s stock.

About Nerdy

Nerdy, Inc (NYSE:NRDY) is an American education technology company that operates a live online learning marketplace. Through its flagship Varsity Tutors platform, the company connects students, professionals and lifelong learners with a network of thousands of educators for personalized one-on-one tutoring, group classes and test preparation. The platform leverages proprietary matching algorithms to pair learners with instructors based on subject expertise, learning style and scheduling preferences.

Founded in 2007 by entrepreneur Chuck Cohn, Nerdy began as Varsity Tutors in Washington, DC, before establishing its headquarters in St.