Nerdy, Inc. (NYSE:NRDY) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its holdings in Nerdy, Inc. (NYSE:NRDY) by 33.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,263 shares of the company’s stock after acquiring an additional 7,607 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Nerdy were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Sargent Investment Group LLC bought a new position in shares of Nerdy during the fourth quarter worth about $153,000. Barclays PLC boosted its position in shares of Nerdy by 330.4% during the 3rd quarter. Barclays PLC now owns 103,960 shares of the company’s stock valued at $102,000 after purchasing an additional 79,808 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Nerdy by 33.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 230,538 shares of the company’s stock valued at $373,000 after buying an additional 57,846 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Nerdy by 166.1% during the fourth quarter. JPMorgan Chase & Co. now owns 89,285 shares of the company’s stock valued at $145,000 after buying an additional 55,735 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Nerdy by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,750,860 shares of the company’s stock worth $2,837,000 after purchasing an additional 32,213 shares in the last quarter. Institutional investors and hedge funds own 39.10% of the company’s stock.

Insider Transactions at Nerdy

In other news, insider Christopher C. Swenson sold 19,126 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $1.54, for a total value of $29,454.04. Following the sale, the insider now owns 1,665,902 shares in the company, valued at approximately $2,565,489.08. This trade represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason H. Pello sold 75,000 shares of Nerdy stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $1.51, for a total transaction of $113,250.00. Following the sale, the chief financial officer now owns 2,068,805 shares in the company, valued at $3,123,895.55. This represents a 3.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 265,604 shares of company stock worth $443,076. Insiders own 50.94% of the company’s stock.

Nerdy Stock Down 3.7%

NYSE:NRDY opened at $1.70 on Monday. Nerdy, Inc. has a 12 month low of $0.73 and a 12 month high of $2.18. The firm has a market cap of $309.25 million, a price-to-earnings ratio of -4.99 and a beta of 1.92. The company’s 50 day moving average is $1.53 and its 200-day moving average is $1.56.

Nerdy (NYSE:NRDY) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.05. Nerdy had a negative net margin of 19.31% and a negative return on equity of 47.45%. The company had revenue of $47.60 million for the quarter, compared to analyst estimates of $46.22 million. Research analysts predict that Nerdy, Inc. will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group increased their price target on shares of Nerdy from $1.00 to $1.50 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.31.

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.