Wall Street Zen Downgrades Nerdy (NYSE:NRDY) to Sell

Nerdy (NYSE:NRDY) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nerdy in a report on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $1.00.

Nerdy Price Performance

Shares of Nerdy stock opened at $0.71 on Friday. The business has a 50 day simple moving average of $0.87 and a two-hundred day simple moving average of $0.88. Nerdy has a 12 month low of $0.70 and a 12 month high of $1.49. The stock has a market capitalization of $136.04 million, a P/E ratio of -2.84 and a beta of 1.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.70 and a quick ratio of 2.70.

Nerdy (NYSE:NRDY) last released its earnings results on Thursday, August 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $43.23 million for the quarter, compared to the consensus estimate of $43.00 million. Nerdy had a negative return on equity of 100.13% and a negative net margin of 16.99%. As a group, analysts predict that Nerdy will post -0.15 EPS for the current fiscal year.

Insider Transactions at Nerdy

In other Nerdy news, CEO Charles K. Cohn acquired 250,007 shares of the business’s stock in a transaction on Monday, June 15th. The stock was bought at an average price of $1.00 per share, for a total transaction of $250,007.00. Following the acquisition, the chief executive officer owned 978,311 shares in the company, valued at approximately $978,311. The trade was a 34.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have bought 978,311 shares of company stock worth $950,853. 50.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Abel Hall LLC purchased a new stake in shares of Nerdy in the fourth quarter valued at approximately $67,000. Wells Fargo & Company MN increased its holdings in shares of Nerdy by 80.5% in the fourth quarter. Wells Fargo & Company MN now owns 65,041 shares of the company’s stock valued at $68,000 after purchasing an additional 29,007 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in Nerdy by 170.7% during the third quarter. Moneta Group Investment Advisors LLC now owns 237,883 shares of the company’s stock worth $300,000 after buying an additional 150,000 shares in the last quarter. Bank of America Corp DE lifted its position in Nerdy by 236.2% during the second quarter. Bank of America Corp DE now owns 123,534 shares of the company’s stock worth $201,000 after buying an additional 86,791 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Nerdy by 27.0% during the second 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 last quarter. 39.10% of the stock is currently owned by institutional investors and hedge funds.

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.