Nerdy (NYSE:NRDY) Insider Sells $16,529.40 in Stock

Nerdy Inc. (NYSE:NRDY) insider Christopher Swenson sold 18,366 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $0.90, for a total transaction of $16,529.40. Following the sale, the insider owned 2,004,376 shares of the company’s stock, valued at $1,803,938.40. This represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nerdy Price Performance

Shares of Nerdy stock opened at $0.81 on Friday. The firm has a market cap of $150.99 million, a PE ratio of -2.37 and a beta of 1.80. Nerdy Inc. has a 12-month low of $0.77 and a 12-month high of $1.90. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.67. The company’s fifty day simple moving average is $0.97 and its two-hundred day simple moving average is $1.10.

Nerdy (NYSE:NRDY) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.08) EPS 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 the consensus estimate of $45.75 million. Nerdy had a negative net margin of 22.30% and a negative return on equity of 95.27%. As a group, equities analysts expect that Nerdy Inc. will post -0.43 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nerdy in a 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. Based on data from MarketBeat, Nerdy currently has an average rating of “Reduce” and a consensus target price of $1.00.

Institutional Investors Weigh In On Nerdy

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

About Nerdy

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.