Nerdy Inc. $NRDY Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. cut its stake in shares of Nerdy Inc. (NYSE:NRDY) by 20.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 405,061 shares of the company’s stock after selling 107,220 shares during the period. Goldman Sachs Group Inc.’s holdings in Nerdy were worth $575,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NRDY. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Nerdy during the first quarter valued at approximately $26,000. Voya Investment Management LLC purchased a new position in shares of Nerdy in the first quarter valued at $30,000. ProShare Advisors LLC grew its holdings in Nerdy by 55.2% during the 4th quarter. ProShare Advisors LLC now owns 21,350 shares of the company’s stock valued at $35,000 after purchasing an additional 7,594 shares in the last quarter. AQR Capital Management LLC increased its stake in 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 buying an additional 15,234 shares during the period. Finally, Strs Ohio acquired a new position in Nerdy in the 1st quarter worth $56,000. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Nerdy Price Performance

Shares of NRDY stock opened at $1.33 on Friday. The firm has a fifty day moving average of $1.39 and a two-hundred day moving average of $1.52. The firm has a market cap of $246.19 million, a P/E ratio of -3.40 and a beta of 1.86. Nerdy Inc. has a 1-year low of $0.75 and a 1-year high of $2.18.

Nerdy (NYSE:NRDY) last issued its earnings results on Thursday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. Nerdy had a negative net margin of 24.91% and a negative return on equity of 77.11%. The business had revenue of $45.26 million for the quarter, compared to analyst estimates of $46.60 million. Nerdy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Nerdy Inc. will post -0.43 EPS for the current year.

Insiders Place Their Bets

In other Nerdy news, insider Christopher C. Swenson sold 37,845 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $1.27, for a total transaction of $48,063.15. Following the transaction, the insider owned 1,556,825 shares of the company’s stock, valued at $1,977,167.75. This trade represents a 2.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Abigail Blunt purchased 25,000 shares of the stock in a transaction dated Friday, August 29th. The stock was purchased at an average price of $1.36 per share, with a total value of $34,000.00. Following the completion of the acquisition, the director directly owned 226,000 shares in the company, valued at approximately $307,360. The trade was a 12.44% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 139,853 shares of company stock valued at $177,613 in the last quarter. Insiders own 50.94% of the company’s stock.

Wall Street Analysts Forecast Growth

NRDY has been the subject of several recent analyst reports. Cantor Fitzgerald lowered their target price on Nerdy from $1.75 to $1.50 and set a “neutral” rating for the company in a research note on Friday, August 8th. Wall Street Zen downgraded Nerdy from a “hold” rating to a “sell” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1.75.

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.