Insider Selling: Nerdy (NYSE:NRDY) CFO Sells 43,969 Shares of Stock

Nerdy Inc. (NYSE:NRDY) CFO Jason Pello sold 43,969 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $0.84, for a total value of $36,933.96. Following the completion of the transaction, the chief financial officer owned 1,803,055 shares in the company, valued at approximately $1,514,566.20. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Nerdy Trading Up 0.8%

Shares of Nerdy stock traded up $0.01 during trading hours on Tuesday, hitting $0.84. 1,328,486 shares of the company were exchanged, compared to its average volume of 505,710. The stock has a market capitalization of $157.73 million, a price-to-earnings ratio of -2.41 and a beta of 1.82. Nerdy Inc. has a 1 year low of $0.77 and a 1 year high of $2.18. The business has a 50-day moving average of $1.14 and a 200-day moving average of $1.41.

Nerdy (NYSE:NRDY) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.06. The firm had revenue of $37.02 million during 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%. Nerdy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts anticipate 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 analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Nerdy in a report on Wednesday, October 8th. Wall Street Zen raised Nerdy from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Cantor Fitzgerald dropped their target price on Nerdy from $1.50 to $1.00 and set a “neutral” rating on the stock 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 presently has a consensus rating of “Reduce” and a consensus target price of $1.25.

Institutional Investors Weigh In On Nerdy

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

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.