Nerdy (NYSE:NRDY) Insider Sells $64,910.28 in Stock

Nerdy Inc. (NYSE:NRDY) insider Christopher Swenson sold 69,796 shares of Nerdy stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $0.93, for a total transaction of $64,910.28. Following the completion of the sale, the insider directly owned 1,934,580 shares of the company’s stock, valued at approximately $1,799,159.40. The trade was a 3.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nerdy Stock Up 0.5%

NRDY stock opened at $0.92 on Thursday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.67. Nerdy Inc. has a 1 year low of $0.75 and a 1 year high of $1.90. The company has a fifty day simple moving average of $0.89 and a 200 day simple moving average of $1.03. The firm has a market cap of $173.89 million, a PE ratio of -2.71 and a beta of 1.84.

Nerdy (NYSE:NRDY) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Nerdy had a negative net margin of 22.30% and a negative return on equity of 95.27%. The business had revenue of $49.11 million during the quarter, compared to analyst estimates of $45.75 million. Sell-side analysts anticipate that Nerdy Inc. will post -0.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nerdy in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Nerdy currently has an average rating of “Reduce” and a consensus price target of $1.00.

Institutional Trading of Nerdy

Institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its stake in Nerdy by 67.9% during the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock valued at $53,000 after purchasing an additional 15,234 shares during the last quarter. Geode Capital Management LLC raised its stake in Nerdy by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,557,017 shares of the company’s stock valued at $1,620,000 after purchasing an additional 17,325 shares during the last quarter. Jane Street Group LLC raised its stake in Nerdy by 27.0% during the 2nd quarter. Jane Street Group LLC now owns 83,470 shares of the company’s stock valued at $136,000 after purchasing an additional 17,768 shares during the last quarter. Bank of America Corp DE raised its stake in Nerdy by 41.9% during the 4th quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock valued at $98,000 after purchasing an additional 17,889 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Nerdy during the 4th quarter valued at $25,000. 39.10% of the stock is currently owned by institutional investors and hedge funds.

Nerdy Company Profile

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.