Nerdy (NYSE:NRDY) Insider Christopher Swenson Sells 20,153 Shares

Nerdy Inc. (NYSE:NRDY) insider Christopher Swenson sold 20,153 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $0.88, for a total value of $17,734.64. Following the transaction, the insider owned 1,891,631 shares of the company’s stock, valued at $1,664,635.28. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nerdy Stock Performance

NYSE NRDY opened at $0.90 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market cap of $171.29 million, a P/E ratio of -3.22 and a beta of 1.76. The stock has a 50-day moving average of $0.87 and a two-hundred day moving average of $0.97. Nerdy Inc. has a 1-year low of $0.75 and a 1-year high of $1.74.

Nerdy (NYSE:NRDY) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. The business had revenue of $48.73 million for the quarter, compared to analysts’ expectations of $47.33 million. Nerdy had a negative net margin of 18.60% and a negative return on equity of 93.27%. As a group, analysts anticipate that Nerdy Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Nerdy in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Nerdy has an average rating of “Reduce” and a consensus target price of $1.00.

Institutional Trading of Nerdy

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in shares of Nerdy during the 4th quarter worth about $25,000. Symmetry Peak Management LLC acquired a new stake in shares of Nerdy during the 4th quarter worth about $26,000. Engineers Gate Manager LP acquired a new stake in shares of Nerdy during the 4th quarter worth about $28,000. AQR Capital Management LLC lifted its stake in Nerdy by 67.9% during the first 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 purchased a new stake in Nerdy during the first quarter worth approximately $56,000. 39.10% of the stock is owned by hedge funds and other institutional investors.

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.