Nerdy, Inc. (NYSE:NRDY) Insider Christopher C. Swenson Sells 30,000 Shares

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 30,000 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $2.53, for a total value of $75,900.00. Following the sale, the insider now directly owns 1,203,248 shares of the company’s stock, valued at $3,044,217.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nerdy Trading Up 2.1 %

NYSE NRDY traded up $0.06 during trading on Wednesday, reaching $2.63. 824,410 shares of the company’s stock were exchanged, compared to its average volume of 1,102,989. Nerdy, Inc. has a fifty-two week low of $2.31 and a fifty-two week high of $5.37. The company’s fifty day simple moving average is $2.89 and its 200-day simple moving average is $3.02. The firm 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 results 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 net margin of 20.77% and a negative return on equity of 48.96%. The business had revenue of $55.10 million during the quarter, compared to analyst estimates of $54.77 million. During the same period in the prior year, the firm earned ($0.13) earnings per share. The firm’s revenue was up 31.8% compared to the same quarter last year. Equities analysts forecast that Nerdy, Inc. will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Nerdy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Greenvale Capital LLP raised its holdings in shares of Nerdy by 2.9% during the fourth quarter. Greenvale Capital LLP now owns 8,490,996 shares of the company’s stock worth $29,124,000 after acquiring an additional 240,996 shares in the last quarter. S Squared Technology LLC raised its stake in shares of Nerdy by 582.6% during the 4th quarter. S Squared Technology LLC now owns 204,786 shares of the company’s stock worth $702,000 after purchasing an additional 174,786 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Nerdy by 1,765.1% during 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 last quarter. ACR Alpine Capital Research LLC grew its stake in shares of Nerdy by 16.2% in the 4th quarter. ACR Alpine Capital Research LLC now owns 822,972 shares of the company’s stock valued at $2,823,000 after buying an additional 114,654 shares in the last quarter. Finally, Certuity LLC bought a new stake in shares of Nerdy in the 4th quarter valued at approximately $120,000. 39.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NRDY has been the topic of several recent analyst reports. JPMorgan Chase & Co. assumed coverage on Nerdy in a report on Monday, March 11th. They set an “overweight” rating and a $5.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $4.00 price target on shares of Nerdy in a report on Wednesday, February 28th. One equities research 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $4.71.

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.