Nerdy (NYSE:NRDY) CFO Jason Pello Sells 30,609 Shares of Stock

Nerdy Inc. (NYSE:NRDY) CFO Jason Pello sold 30,609 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $0.90, for a total transaction of $27,548.10. Following the completion of the sale, the chief financial officer owned 2,540,626 shares of the company’s stock, valued at approximately $2,286,563.40. The trade was a 1.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nerdy Stock Down 1.2%

Shares of NRDY stock traded down $0.01 on Thursday, hitting $0.81. The stock had a trading volume of 46,372 shares, compared to its average volume of 815,143. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.27 and a quick ratio of 2.27. The business has a 50 day moving average of $0.98 and a 200 day moving average of $1.10. Nerdy Inc. has a 12-month low of $0.77 and a 12-month high of $1.90. The stock has a market cap of $152.11 million, a price-to-earnings ratio of -2.40 and a beta of 1.80.

Nerdy (NYSE:NRDY) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The firm had revenue of $49.11 million for the quarter, compared to analysts’ expectations of $45.75 million. Nerdy had a negative return on equity of 95.27% and a negative net margin of 22.30%. As a group, analysts expect that Nerdy Inc. will post -0.43 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nerdy in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Nerdy has a consensus rating of “Reduce” and an average price target of $1.00.

Hedge Funds Weigh In On Nerdy

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in Nerdy in the fourth quarter worth about $25,000. Symmetry Peak Management LLC bought a new position in shares of Nerdy during the 4th quarter valued at approximately $26,000. Engineers Gate Manager LP bought a new position in shares of Nerdy during the 4th quarter valued at approximately $28,000. AQR Capital Management LLC increased its stake in shares of Nerdy by 67.9% during the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock worth $53,000 after purchasing an additional 15,234 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Nerdy in the 1st quarter worth approximately $56,000. Institutional investors own 39.10% of the company’s stock.

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.