Jason H. Pello Sells 37,360 Shares of Nerdy, Inc. (NYSE:NRDY) Stock

Nerdy, Inc. (NYSE:NRDYGet Free Report) CFO Jason H. Pello sold 37,360 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $2.07, for a total value of $77,335.20. Following the sale, the chief financial officer now owns 2,438,689 shares of the company’s stock, valued at approximately $5,048,086.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Nerdy Stock Performance

NYSE NRDY opened at $1.96 on Wednesday. The company has a market capitalization of $343.49 million, a PE ratio of -6.98 and a beta of 1.90. Nerdy, Inc. has a 52-week low of $1.92 and a 52-week high of $5.37. The company has a 50-day simple moving average of $2.66 and a 200 day simple moving average of $2.89.

Nerdy (NYSE:NRDYGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. Nerdy had a negative net margin of 14.49% and a negative return on equity of 41.24%. The company had revenue of $53.73 million during the quarter, compared to analyst estimates of $52.20 million. During the same quarter last year, the business posted ($0.12) EPS. Nerdy’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, analysts forecast that Nerdy, Inc. will post -0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NRDY shares. JPMorgan Chase & Co. initiated coverage on shares of Nerdy in a report on Monday, March 11th. They set an “overweight” rating and a $5.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $4.00 price target on shares of Nerdy in a report on Friday, May 17th. Finally, The Goldman Sachs Group increased their price objective on shares of Nerdy from $3.25 to $3.75 and gave the company a “neutral” rating in a research note on Thursday, May 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $4.82.

Read Our Latest Analysis on Nerdy

Institutional Investors Weigh In On Nerdy

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Nerdy during the fourth quarter worth about $50,000. ACR Alpine Capital Research LLC boosted its holdings in Nerdy by 16.2% in the 4th quarter. ACR Alpine Capital Research LLC now owns 822,972 shares of the company’s stock worth $2,823,000 after buying an additional 114,654 shares during the period. Aigen Investment Management LP purchased a new position in Nerdy in the 3rd quarter valued at approximately $59,000. Tower Research Capital LLC TRC raised its holdings in Nerdy by 1,765.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,051 shares of the company’s stock valued at $52,000 after acquiring an additional 14,244 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Nerdy by 24.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 600,000 shares of the company’s stock valued at $2,220,000 after acquiring an additional 116,700 shares during the period. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Nerdy Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Nerdy (NYSE:NRDY)

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