Nerdy (NYSE:NRDY) CFO Jason Pello Sells 30,609 Shares

Nerdy Inc. (NYSE:NRDY) CFO Jason Pello sold 30,609 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $0.90, for a total transaction of $27,548.10. Following the sale, the chief financial officer owned 2,540,626 shares of the company’s stock, valued at $2,286,563.40. This trade represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Nerdy Stock Performance

NRDY stock traded down $0.06 during midday trading on Wednesday, reaching $0.81. 783,378 shares of the company’s stock traded hands, compared to its average volume of 830,063. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.67. Nerdy Inc. has a 52-week low of $0.77 and a 52-week high of $1.90. The stock has a market cap of $151.93 million, a P/E ratio of -2.39 and a beta of 1.80. The stock’s 50-day moving average is $0.98 and its 200 day moving average is $1.11.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nerdy in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Nerdy has an average rating of “Reduce” and a consensus target price of $1.00.

Hedge Funds Weigh In On Nerdy

A number of hedge funds have recently modified their holdings of the company. AQR Capital Management LLC increased 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 worth $53,000 after purchasing an additional 15,234 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Nerdy by 0.4% during the 2nd quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company’s stock valued at $5,950,000 after buying an additional 15,674 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Nerdy by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,557,017 shares of the company’s stock worth $1,620,000 after buying an additional 17,325 shares during the period. Jane Street Group LLC boosted its holdings in Nerdy by 27.0% in the 2nd quarter. Jane Street Group LLC now owns 83,470 shares of the company’s stock worth $136,000 after buying an additional 17,768 shares during the period. Finally, Bank of America Corp DE increased its stake in Nerdy by 41.9% in the 4th quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock worth $98,000 after buying an additional 17,889 shares in the last quarter. 39.10% of the stock is currently owned by institutional investors.

Nerdy Company Profile

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.