Jason Pello Sells 43,969 Shares of Nerdy (NYSE:NRDY) Stock

Nerdy Inc. (NYSE:NRDY) CFO Jason Pello sold 43,969 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $0.84, for a total transaction of $36,933.96. Following the completion of the transaction, the chief financial officer directly owned 1,803,055 shares of the company’s stock, valued at approximately $1,514,566.20. The trade was a 2.38% decrease in their ownership of the stock. The transaction 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 $0.93 on Thursday. Nerdy Inc. has a 1 year low of $0.77 and a 1 year high of $2.18. The stock’s 50-day simple moving average is $1.13 and its 200-day simple moving average is $1.40. The firm has a market cap of $174.40 million, a price-to-earnings ratio of -2.66 and a beta of 1.82.

Nerdy (NYSE:NRDY) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. Nerdy had a negative return on equity of 81.74% and a negative net margin of 22.95%.The firm had revenue of $37.02 million during the quarter, compared to the consensus estimate of $38.77 million. Nerdy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts predict that Nerdy Inc. will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Nerdy

Several institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in shares of Nerdy in the 1st quarter worth about $649,000. Nuveen LLC bought a new stake in shares of Nerdy during the 1st quarter valued at about $508,000. Voya Investment Management LLC acquired a new stake in Nerdy during the first quarter worth about $30,000. XTX Topco Ltd acquired a new stake in Nerdy during the first quarter worth about $188,000. Finally, Bank of New York Mellon Corp lifted its holdings in Nerdy by 8.0% in the first quarter. Bank of New York Mellon Corp now owns 223,757 shares of the company’s stock worth $318,000 after acquiring an additional 16,613 shares during the last quarter. 39.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald decreased their price target on shares of 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 reiterated 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. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $1.25.

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.