Nerdy, Inc. (NYSE:NRDY – Get Free Report) CFO Jason H. Pello sold 30,282 shares of Nerdy stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $0.99, for a total transaction of $29,979.18. Following the completion of the sale, the chief financial officer now owns 2,325,918 shares of the company’s stock, valued at $2,302,658.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Nerdy Price Performance
NRDY stock opened at $1.06 on Thursday. Nerdy, Inc. has a 1 year low of $0.73 and a 1 year high of $3.91. The stock has a market cap of $188.73 million, a price-to-earnings ratio of -3.79 and a beta of 1.68. The company has a 50 day simple moving average of $1.28 and a 200 day simple moving average of $1.94.
Nerdy (NYSE:NRDY – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.04. Nerdy had a negative net margin of 17.23% and a negative return on equity of 41.05%. The company had revenue of $50.98 million during the quarter, compared to the consensus estimate of $51.14 million. During the same period in the prior year, the business earned ($0.07) earnings per share. On average, equities research analysts anticipate that Nerdy, Inc. will post -0.48 EPS for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Nerdy
Institutional Trading of Nerdy
A number of hedge funds have recently made changes to their positions in NRDY. Greenvale Capital LLP increased its stake in shares of Nerdy by 6.0% in the second quarter. Greenvale Capital LLP now owns 9,000,000 shares of the company’s stock valued at $15,030,000 after buying an additional 509,004 shares during the period. Vanguard Group Inc. grew its holdings in Nerdy by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 3,101,444 shares of the company’s stock worth $9,025,000 after acquiring an additional 88,771 shares during the last quarter. Marshall Wace LLP grew its holdings in Nerdy by 12.9% during the 2nd quarter. Marshall Wace LLP now owns 1,960,393 shares of the company’s stock worth $3,274,000 after acquiring an additional 224,049 shares during the last quarter. Millennium Management LLC increased its position in Nerdy by 382.0% in the 2nd quarter. Millennium Management LLC now owns 1,876,105 shares of the company’s stock valued at $3,133,000 after acquiring an additional 1,486,910 shares during the period. Finally, Clearline Capital LP raised its stake in shares of Nerdy by 34.3% during the second quarter. Clearline Capital LP now owns 1,846,737 shares of the company’s stock valued at $3,084,000 after acquiring an additional 471,603 shares during the last quarter. 39.10% of the stock is owned by institutional investors and hedge funds.
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.
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