Christopher Swenson Sells 28,810 Shares of Nerdy (NYSE:NRDY) Stock

Nerdy Inc. (NYSE:NRDY) insider Christopher Swenson sold 28,810 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $0.84, for a total value of $24,200.40. Following the completion of the sale, the insider owned 1,509,587 shares of the company’s stock, valued at approximately $1,268,053.08. This represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nerdy Stock Performance

NRDY stock opened at $0.93 on Thursday. The stock’s 50 day simple moving average is $1.13 and its 200 day simple moving average is $1.40. The company has a market cap of $174.40 million, a P/E ratio of -2.66 and a beta of 1.82. Nerdy Inc. has a fifty-two week low of $0.77 and a fifty-two week high of $2.18.

Nerdy (NYSE:NRDY) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. The firm had revenue of $37.02 million during the quarter, compared to analysts’ expectations of $38.77 million. Nerdy had a negative return on equity of 81.74% and a negative net margin of 22.95%. Nerdy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts predict that Nerdy Inc. will post -0.43 earnings per share for the current year.

Institutional Trading of Nerdy

Institutional investors and hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC bought a new position in shares of Nerdy during the first quarter valued at about $30,000. AQR Capital Management LLC grew its position in Nerdy by 67.9% in 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 in the last quarter. Strs Ohio purchased a new stake in Nerdy in the 1st quarter valued at about $56,000. Bank of America Corp DE lifted its position in shares of Nerdy by 41.9% during the 4th quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock worth $98,000 after buying an additional 17,889 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Nerdy by 27.0% in the 2nd quarter. Jane Street Group LLC now owns 83,470 shares of the company’s stock worth $136,000 after buying an additional 17,768 shares during the last quarter. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NRDY. Cantor Fitzgerald decreased their price target on shares of Nerdy from $1.50 to $1.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nerdy in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Nerdy from a “sell” rating to a “hold” rating in a research report on Sunday. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $1.25.

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.