Nerdy (NYSE:NRDY) Insider Sells $46,550.00 in Stock

by · The Cerbat Gem

Nerdy Inc. (NYSE:NRDY – Get Free Report) insider Christopher Swenson sold 35,000 shares of Nerdy stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $1.33, for a total value of $46,550.00. Following the transaction, the insider owned 1,455,383 shares in the company, valued at approximately $1,935,659.39. The trade was a 2.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Nerdy Price Performance

Shares of NRDY stock traded down $0.05 during trading on Monday, hitting $1.08. 1,276,419 shares of the stock traded hands, compared to its average volume of 808,785. Nerdy Inc. has a 52-week low of $0.77 and a 52-week high of $2.02. The firm has a market capitalization of $201.38 million, a P/E ratio of -3.07 and a beta of 1.78. The firm’s fifty day moving average price is $1.12 and its 200-day moving average price is $1.32.

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

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on NRDY

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NRDY. Moneta Group Investment Advisors LLC lifted 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 worth $300,000 after purchasing an additional 150,000 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Nerdy by 236.2% during the 2nd quarter. Bank of America Corp DE now owns 123,534 shares of the company’s stock worth $201,000 after buying an additional 86,791 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Nerdy by 27.0% during the 2nd quarter. Jane Street Group LLC now owns 83,470 shares of the company’s stock worth $136,000 after buying an additional 17,768 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Nerdy in the 2nd quarter valued at $221,000. Finally, Franklin Resources Inc. grew its position in shares of Nerdy by 0.4% in the 2nd quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company’s stock valued at $5,950,000 after buying an additional 15,674 shares during the last quarter. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Nerdy Company Profile

(Get Free Report)

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.

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