Nerdy (NYSE:NRDY) Trading Down 0.6% – Time to Sell?

Nerdy Inc. (NYSE:NRDY)’s stock price traded down 0.6% during mid-day trading on Thursday . The stock traded as low as $0.89 and last traded at $0.9050. Approximately 216,427 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,126,620 shares. The stock had previously closed at $0.9108.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nerdy in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Nerdy has a consensus rating of “Reduce” and a consensus target price of $1.00.

Nerdy Stock Performance

The stock’s 50-day moving average is $0.87 and its 200-day moving average is $0.93. The stock has a market cap of $174.52 million, a price-to-earnings ratio of -3.28 and a beta of 1.73. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.41 and a quick ratio of 2.41.

Nerdy (NYSE:NRDY) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. Nerdy had a negative return on equity of 93.27% and a negative net margin of 18.60%.The company had revenue of $48.73 million during the quarter, compared to the consensus estimate of $47.33 million. Analysts anticipate that Nerdy Inc. will post -0.18 EPS for the current fiscal year.

Insider Activity at Nerdy

In related news, CEO Charles K. Cohn acquired 258,204 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $0.97 per share, with a total value of $250,457.88. Following the purchase, the chief executive officer directly owned 477,223 shares in the company, valued at $462,906.31. The trade was a 117.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO John Andrew Paszterko sold 31,788 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $0.93, for a total transaction of $29,562.84. Following the transaction, the chief operating officer directly owned 1,149,755 shares of the company’s stock, valued at approximately $1,069,272.15. This represents a 2.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders acquired 978,311 shares of company stock worth $950,853 and sold 121,737 shares worth $112,208. Insiders own 51.54% of the company’s stock.

Hedge Funds Weigh In On Nerdy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of Nerdy in the 4th quarter valued at $25,000. Symmetry Peak Management LLC acquired a new stake in shares of Nerdy during the 4th quarter worth $26,000. Engineers Gate Manager LP purchased a new position in shares of Nerdy in the 4th quarter worth $28,000. AQR Capital Management LLC raised its position in shares of Nerdy by 67.9% in the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock worth $53,000 after buying an additional 15,234 shares during the period. Finally, Strs Ohio acquired a new position in Nerdy in the first quarter valued at $56,000. Institutional investors and hedge funds own 39.10% of the company’s stock.

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.