Nerdy (NYSE:NRDY) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Nerdy (NYSE:NRDY) from a hold rating to a sell rating in a report released on Saturday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Nerdy in a research note on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $1.00.

Nerdy Price Performance

Nerdy stock opened at $0.71 on Friday. The firm has a market cap of $136.04 million, a PE ratio of -2.84 and a beta of 1.73. Nerdy has a 52-week low of $0.70 and a 52-week high of $1.49. The company has a quick ratio of 2.41, a current ratio of 2.70 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $0.87 and its two-hundred day moving average is $0.89.

Nerdy (NYSE:NRDY) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. Nerdy had a negative net margin of 16.99% and a negative return on equity of 100.13%. The company had revenue of $43.23 million during the quarter, compared to analysts’ expectations of $43.00 million. On average, research analysts expect that Nerdy will post -0.15 EPS for the current fiscal year.

Insider Transactions at Nerdy

In other Nerdy news, CEO Charles K. Cohn acquired 250,007 shares of the stock in a transaction dated Monday, June 15th. The stock was acquired at an average cost of $1.00 per share, with a total value of $250,007.00. Following the transaction, the chief executive officer owned 978,311 shares in the company, valued at $978,311. The trade was a 34.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders bought 978,311 shares of company stock worth $950,853. 50.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Nerdy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Moneta Group Investment Advisors LLC boosted its holdings in Nerdy by 170.7% in the third quarter. Moneta Group Investment Advisors LLC now owns 237,883 shares of the company’s stock valued at $300,000 after purchasing an additional 150,000 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Nerdy in the 2nd quarter valued at $221,000. Bridgeway Capital Management LLC grew its position in shares of Nerdy by 62.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 265,100 shares of the company’s stock valued at $276,000 after buying an additional 102,400 shares during the last quarter. Bank of America Corp DE grew its position in shares of Nerdy by 236.2% in the 2nd quarter. Bank of America Corp DE now owns 123,534 shares of the company’s stock valued at $201,000 after buying an additional 86,791 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in Nerdy during the 4th quarter worth $78,000. Institutional investors and hedge funds own 39.10% of the company’s stock.

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.