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

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. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nerdy Price Performance

Shares of NYSE NRDY traded down $0.03 during mid-day trading on Tuesday, reaching $0.98. The company had a trading volume of 1,073,761 shares, compared to its average volume of 732,449. The stock has a fifty day moving average of $1.12 and a two-hundred day moving average of $1.25. Nerdy Inc. has a 12-month low of $0.77 and a 12-month high of $2.02.

Nerdy (NYSE:NRDY) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. The firm had revenue of $37.02 million for the quarter, compared to the consensus estimate of $38.77 million. Nerdy had a negative net margin of 22.95% and a negative return on equity of 81.74%. Equities research analysts predict that Nerdy Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NRDY. Voya Investment Management LLC acquired a new stake in Nerdy in the 1st quarter worth approximately $30,000. AQR Capital Management LLC raised its position in shares of Nerdy by 67.9% in the first quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock valued at $53,000 after purchasing an additional 15,234 shares during the period. Strs Ohio acquired a new stake in shares of Nerdy in the first quarter worth $56,000. Bank of America Corp DE lifted its stake in shares of Nerdy by 41.9% in the fourth quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock worth $98,000 after buying an additional 17,889 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Nerdy by 27.0% during the 2nd quarter. Jane Street Group LLC now owns 83,470 shares of the company’s stock worth $136,000 after buying an additional 17,768 shares during the period. 39.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on NRDY shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nerdy in a report on Wednesday, October 8th. Cantor Fitzgerald lowered their target price on Nerdy from $1.50 to $1.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, Wall Street Zen raised Nerdy from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $1.25.

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.