Nerdy (NYSE:NRDY) COO John Andrew Paszterko Sells 18,457 Shares

Nerdy Inc. (NYSE:NRDY) COO John Andrew Paszterko sold 18,457 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $1.01, for a total transaction of $18,641.57. Following the completion of the sale, the chief operating officer owned 581,543 shares in the company, valued at approximately $587,358.43. The trade was a 3.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Nerdy Stock Down 2.9%

Shares of Nerdy stock opened at $0.98 on Wednesday. The firm has a market cap of $183.77 million, a price-to-earnings ratio of -2.80 and a beta of 1.80. The business has a 50-day moving average price of $1.12 and a 200-day moving average price of $1.25. Nerdy Inc. has a twelve month low of $0.77 and a twelve month high of $2.02.

Nerdy (NYSE:NRDY) last posted its earnings results on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.06. Nerdy had a negative return on equity of 81.74% and a negative net margin of 22.95%.The company had revenue of $37.02 million for the quarter, compared to the consensus estimate of $38.77 million. On average, equities analysts expect that Nerdy Inc. will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Cantor Fitzgerald lowered their price objective on shares of Nerdy from $1.50 to $1.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nerdy in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Nerdy from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $1.25.

Hedge Funds Weigh In On Nerdy

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of 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 during the period. Franklin Resources Inc. increased its holdings in Nerdy by 0.4% during the second quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company’s stock valued at $5,950,000 after buying an additional 15,674 shares during the period. Jane Street Group LLC raised its stake in Nerdy by 27.0% in the second 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 in the last quarter. Bank of America Corp DE lifted its holdings in Nerdy by 41.9% during the fourth 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 during the period. Finally, Voya Investment Management LLC purchased a new stake in Nerdy during the first quarter worth $30,000. 39.10% of the stock is currently owned by 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.