John Andrew Paszterko Sells 18,457 Shares of Nerdy (NYSE:NRDY) Stock

Nerdy Inc. (NYSE:NRDY) COO John Andrew Paszterko sold 18,457 shares of Nerdy stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $1.01, for a total value of $18,641.57. Following the transaction, the chief operating officer directly owned 581,543 shares in the company, valued at approximately $587,358.43. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Nerdy Price Performance

Shares of NRDY stock opened at $1.03 on Thursday. Nerdy Inc. has a one year low of $0.77 and a one year high of $2.02. The company’s fifty day moving average price is $1.13 and its 200-day moving average price is $1.25. The company has a market capitalization of $192.02 million, a price-to-earnings ratio of -2.93 and a beta of 1.80.

Nerdy (NYSE:NRDY) last posted 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. The business had revenue of $37.02 million for the quarter, compared to analysts’ expectations of $38.77 million. Nerdy had a negative return on equity of 81.74% and a negative net margin of 22.95%. Equities research analysts expect that Nerdy Inc. will post -0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NRDY has been the subject of a number of research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Nerdy in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Nerdy from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Finally, Cantor Fitzgerald lowered their price objective 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. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $1.25.

Institutional Trading of Nerdy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC bought a new position in shares of Nerdy during the first quarter valued at approximately $30,000. Moneta Group Investment Advisors LLC grew its position in Nerdy by 170.7% in the 3rd 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 during the last quarter. Marshall Wace LLP purchased a new stake in Nerdy in the second quarter worth $221,000. Bank of America Corp DE increased its stake in Nerdy by 236.2% in the second quarter. Bank of America Corp DE now owns 123,534 shares of the company’s stock worth $201,000 after purchasing an additional 86,791 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of Nerdy by 27.0% during the second quarter. Jane Street Group LLC now owns 83,470 shares of the company’s stock worth $136,000 after purchasing an additional 17,768 shares during the last quarter. 39.10% of the stock is owned by hedge funds and other institutional investors.

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.