Jason H. Pello Sells 29,195 Shares of Nerdy, Inc. (NYSE:NRDY) Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 29,195 shares of Nerdy stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $3.06, for a total transaction of $89,336.70. Following the completion of the sale, the chief financial officer now owns 1,476,049 shares of the company’s stock, valued at $4,516,709.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nerdy Trading Down 2.2 %

NRDY stock opened at $2.93 on Thursday. Nerdy, Inc. has a twelve month low of $2.31 and a twelve month high of $5.37. The firm’s fifty day simple moving average is $3.07 and its two-hundred day simple moving average is $3.15.

Nerdy (NYSE:NRDY) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. Nerdy had a negative net margin of 20.77% and a negative return on equity of 48.96%. The business had revenue of $55.10 million for the quarter, compared to analysts’ expectations of $54.77 million. During the same quarter in the previous year, the business posted ($0.13) earnings per share. The business’s revenue was up 31.8% compared to the same quarter last year. Analysts anticipate that Nerdy, Inc. will post -0.33 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of Nerdy in the second quarter worth about $27,000. Royal Bank of Canada grew its holdings in Nerdy by 3,036.0% during the 1st quarter. Royal Bank of Canada now owns 5,488 shares of the company’s stock worth $28,000 after acquiring an additional 5,313 shares in the last quarter. Barclays PLC grew its holdings in Nerdy by 552.3% during the 4th quarter. Barclays PLC now owns 14,989 shares of the company’s stock worth $34,000 after acquiring an additional 12,691 shares in the last quarter. Nebula Research & Development LLC bought a new position in Nerdy during the 4th quarter worth about $35,000. Finally, Cutter & CO Brokerage Inc. bought a new position in Nerdy during the 3rd quarter worth about $41,000. 39.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on NRDY shares. Needham & Company LLC restated a “buy” rating and set a $4.00 target price on shares of Nerdy in a research report on Wednesday, February 28th. JPMorgan Chase & Co. assumed coverage on shares of Nerdy in a research report on Monday, March 11th. They set an “overweight” rating and a $5.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Nerdy presently has an average rating of “Moderate Buy” and an average target price of $4.71.

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.