Nerdy (NYSE:NRDY) CFO Jason Pello Sells 32,006 Shares

by · The Cerbat Gem

Nerdy Inc. (NYSE:NRDY – Get Free Report) CFO Jason Pello sold 32,006 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $1.20, for a total transaction of $38,407.20. Following the sale, the chief financial officer owned 1,696,049 shares of the company’s stock, valued at $2,035,258.80. This trade represents a 1.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Nerdy Stock Performance

Shares of Nerdy stock traded up $0.04 during trading hours on Thursday, reaching $1.18. The company’s stock had a trading volume of 1,222,735 shares, compared to its average volume of 779,087. The company has a market capitalization of $220.11 million, a P/E ratio of -3.36 and a beta of 1.78. The stock’s fifty day simple moving average is $1.11 and its two-hundred day simple moving average is $1.35. Nerdy Inc. has a one year low of $0.77 and a one year high of $2.02.

Nerdy (NYSE:NRDY – Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.06. The company had revenue of $37.02 million for the quarter, compared to analyst estimates of $38.77 million. Nerdy had a negative net margin of 22.95% and a negative return on equity of 81.74%. As a group, research analysts forecast that Nerdy Inc. will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On Nerdy

Several institutional investors have recently bought and sold shares of NRDY. Nuveen LLC bought a new position in shares of Nerdy during the 1st quarter worth $508,000. Moneta Group Investment Advisors LLC grew its stake in Nerdy by 170.7% during the third quarter. Moneta Group Investment Advisors LLC now owns 237,883 shares of the company’s stock valued at $300,000 after acquiring an additional 150,000 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Nerdy in the second quarter worth $221,000. Bank of America Corp DE increased its stake in Nerdy by 236.2% in the 2nd quarter. Bank of America Corp DE now owns 123,534 shares of the company’s stock worth $201,000 after acquiring an additional 86,791 shares during the last quarter. Finally, Strs Ohio bought a new position in Nerdy in the 1st quarter worth about $56,000. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Nerdy from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Cantor Fitzgerald dropped their target price on shares of Nerdy from $1.50 to $1.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Nerdy in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $1.25.

View Our Latest Stock Analysis on NRDY

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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