Christopher Swenson Sells 20,153 Shares of Nerdy (NYSE:NRDY) Stock

Nerdy Inc. (NYSE:NRDY) insider Christopher Swenson sold 20,153 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $0.88, for a total transaction of $17,734.64. Following the transaction, the insider directly owned 1,891,631 shares in the company, valued at approximately $1,664,635.28. The trade was a 1.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nerdy Trading Up 5.3%

Shares of NRDY opened at $0.90 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.67. Nerdy Inc. has a 12-month low of $0.75 and a 12-month high of $1.74. The firm has a 50-day moving average price of $0.87 and a 200 day moving average price of $0.97. The firm has a market capitalization of $171.29 million, a P/E ratio of -3.22 and a beta of 1.76.

Nerdy (NYSE:NRDY) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $48.73 million during the quarter, compared to analysts’ expectations of $47.33 million. Nerdy had a negative net margin of 18.60% and a negative return on equity of 93.27%. Sell-side analysts forecast that Nerdy Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nerdy in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $1.00.

Hedge Funds Weigh In On Nerdy

Several hedge funds have recently bought and sold shares of NRDY. Virtu Financial LLC purchased a new position in Nerdy during the 4th quarter valued at about $25,000. Symmetry Peak Management LLC purchased a new stake in Nerdy during the fourth quarter worth about $26,000. Engineers Gate Manager LP purchased a new stake in Nerdy during the fourth quarter worth about $28,000. AQR Capital Management LLC increased its stake in Nerdy by 67.9% during 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 during the period. Finally, Strs Ohio acquired a new stake in shares of Nerdy during the first quarter worth about $56,000. Institutional investors and hedge funds own 39.10% of the company’s stock.

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.