Insider Selling: Nerdy, Inc. (NYSE:NRDY) Insider Sells 30,000 Shares of Stock

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 30,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $2.53, for a total transaction of $75,900.00. Following the transaction, the insider now owns 1,203,248 shares in the company, valued at $3,044,217.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Nerdy Price Performance

Shares of Nerdy stock traded up $0.06 during trading hours on Wednesday, hitting $2.63. The company’s stock had a trading volume of 824,410 shares, compared to its average volume of 1,102,989. The stock has a 50 day moving average of $2.89 and a 200 day moving average of $3.02. Nerdy, Inc. has a 12 month low of $2.31 and a 12 month high of $5.37. The company has a market capitalization of $455.99 million, a PE ratio of -6.19 and a beta of 1.90.

Nerdy (NYSE:NRDY) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.05) earnings per share (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 business had revenue of $55.10 million during the quarter, compared to the consensus estimate of $54.77 million. During the same period last year, the company earned ($0.13) earnings per share. Nerdy’s quarterly revenue was up 31.8% on a year-over-year basis. Equities analysts expect that Nerdy, Inc. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of Nerdy in a report on Monday, March 11th. They issued an “overweight” rating and a $5.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $4.00 price target on shares of Nerdy in a research report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $4.71.

Institutional Investors Weigh In On Nerdy

A number of institutional investors have recently modified their holdings of NRDY. Cutter & CO Brokerage Inc. bought a new stake in shares of Nerdy in the third quarter valued at approximately $41,000. SG Americas Securities LLC bought a new stake in Nerdy during the fourth quarter worth about $50,000. Tower Research Capital LLC TRC increased its holdings in Nerdy by 1,765.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,051 shares of the company’s stock valued at $52,000 after buying an additional 14,244 shares during the period. PEAK6 Investments LLC acquired a new position in shares of Nerdy in the 3rd quarter valued at approximately $56,000. Finally, Aigen Investment Management LP bought a new stake in shares of Nerdy during the 3rd quarter worth approximately $59,000. Institutional investors own 39.10% of the company’s stock.

About Nerdy

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.