Nerdy, Inc. (NYSE:NRDY – Get Free Report) CFO Jason H. Pello sold 37,360 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $2.07, for a total value of $77,335.20. Following the completion of the sale, the chief financial officer now directly owns 2,438,689 shares in the company, valued at $5,048,086.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Nerdy Stock Performance
Shares of NYSE:NRDY traded down $0.03 during midday trading on Monday, reaching $2.01. 1,796,386 shares of the company’s stock traded hands, compared to its average volume of 1,163,813. The company has a market cap of $353.16 million, a price-to-earnings ratio of -7.18 and a beta of 1.90. Nerdy, Inc. has a one year low of $1.92 and a one year high of $5.37. The stock has a 50 day moving average of $2.67 and a 200 day moving average of $2.90.
Nerdy (NYSE:NRDY – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. The firm had revenue of $53.73 million for the quarter, compared to the consensus estimate of $52.20 million. Nerdy had a negative return on equity of 41.24% and a negative net margin of 14.49%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) earnings per share. Sell-side analysts predict that Nerdy, Inc. will post -0.31 EPS for the current fiscal year.
Analyst Ratings Changes
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Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in shares of Nerdy during the fourth quarter valued at $50,000. Tower Research Capital LLC TRC increased its position in Nerdy by 1,765.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,051 shares of the company’s stock valued at $52,000 after acquiring an additional 14,244 shares during the last quarter. PEAK6 Investments LLC purchased a new stake in Nerdy during the third quarter valued at $56,000. Aigen Investment Management LP purchased a new stake in Nerdy during the third quarter valued at $59,000. Finally, S Squared Technology LLC purchased a new stake in Nerdy during the third quarter valued at $111,000. 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.
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