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 dated Monday, April 22nd. The shares were sold at an average price of $2.53, for a total transaction of $75,900.00. Following the transaction, the insider now owns 1,203,248 shares in the company, valued at approximately $3,044,217.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nerdy Stock Up 2.1 %

Shares of NRDY opened at $2.63 on Thursday. Nerdy, Inc. has a 52-week low of $2.31 and a 52-week high of $5.37. The stock has a fifty day simple moving average of $2.87 and a two-hundred day simple moving average of $3.01.

Nerdy (NYSE:NRDY) last issued its 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 return on equity of 48.96% and a negative net margin of 20.77%. The business had revenue of $55.10 million during the quarter, compared to the consensus estimate of $54.77 million. During the same period last year, the company earned ($0.13) EPS. The company’s revenue for the quarter was up 31.8% on a year-over-year basis. As a group, research analysts predict that Nerdy, Inc. will post -0.33 EPS for the current fiscal year.

Institutional Trading of Nerdy

A number of hedge funds and other institutional investors have recently modified their holdings of NRDY. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Nerdy by 14.0% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 30,641 shares of the company’s stock worth $113,000 after purchasing an additional 3,761 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Nerdy by 23.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 210,466 shares of the company’s stock valued at $779,000 after acquiring an additional 40,132 shares during the period. Cutter & CO Brokerage Inc. purchased a new position in Nerdy during the 3rd quarter valued at about $41,000. ACR Alpine Capital Research LLC boosted its holdings in Nerdy by 7.9% during the 3rd quarter. ACR Alpine Capital Research LLC now owns 708,318 shares of the company’s stock valued at $2,621,000 after acquiring an additional 51,672 shares during the period. Finally, L2 Asset Management LLC purchased a new position in Nerdy during the 3rd quarter valued at about $168,000. 39.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on NRDY. JPMorgan Chase & Co. assumed coverage on Nerdy in a research report on Monday, March 11th. They issued an “overweight” rating and a $5.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $4.00 target price on shares of Nerdy in a research report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4.71.

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.