Nerdy, Inc. (NYSE:NRDY – Get Free Report) CFO Jason H. Pello sold 29,195 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $3.06, for a total value of $89,336.70. Following the sale, the chief financial officer now directly owns 1,476,049 shares in the company, valued at $4,516,709.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Nerdy Stock Performance
Shares of NYSE:NRDY opened at $2.93 on Thursday. The business has a 50 day moving average price of $3.07 and a 200 day moving average price of $3.15. Nerdy, Inc. has a twelve month low of $2.31 and a twelve month high of $5.37.
Nerdy (NYSE:NRDY – Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. Nerdy had a negative return on equity of 48.96% and a negative net margin of 20.77%. The company had revenue of $55.10 million during the quarter, compared to the consensus estimate of $54.77 million. During the same quarter last year, the company earned ($0.13) EPS. The company’s quarterly revenue was up 31.8% on a year-over-year basis. Research analysts forecast that Nerdy, Inc. will post -0.33 EPS for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Nerdy
Hedge Funds Weigh In On Nerdy
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Nerdy by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 3,012,673 shares of the company’s stock valued at $10,333,000 after purchasing an additional 102,821 shares in the last quarter. Barclays PLC boosted its position in Nerdy by 699.1% in the 4th quarter. Barclays PLC now owns 85,784 shares of the company’s stock valued at $295,000 after buying an additional 75,049 shares during the last quarter. Greenvale Capital LLP boosted its position in shares of Nerdy by 2.9% in the 4th quarter. Greenvale Capital LLP now owns 8,490,996 shares of the company’s stock worth $29,124,000 after purchasing an additional 240,996 shares during the last quarter. Buckingham Strategic Wealth LLC bought a new position in shares of Nerdy in the 4th quarter worth $51,000. Finally, Royal Bank of Canada boosted its position in shares of Nerdy by 70.5% in the 4th quarter. Royal Bank of Canada now owns 26,842 shares of the company’s stock worth $92,000 after purchasing an additional 11,096 shares during the last quarter. 39.10% of the stock is owned by institutional investors and hedge funds.
Nerdy Company Profile
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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