Voya Investment Management LLC Takes $30,000 Position in Nerdy Inc. $NRDY

Voya Investment Management LLC bought a new position in shares of Nerdy Inc. (NYSE:NRDY) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,942 shares of the company’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new position in shares of Nerdy in the 1st quarter valued at $649,000. Nuveen LLC acquired a new position in Nerdy in the first quarter valued at about $508,000. Nuveen Asset Management LLC increased its holdings in shares of Nerdy by 99.5% in the fourth quarter. Nuveen Asset Management LLC now owns 410,523 shares of the company’s stock worth $665,000 after acquiring an additional 204,760 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Nerdy in the first quarter worth about $188,000. Finally, Strs Ohio acquired a new stake in shares of Nerdy during the first quarter worth about $56,000. 39.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Nerdy

In other news, insider Christopher C. Swenson sold 37,845 shares of Nerdy stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $1.27, for a total transaction of $48,063.15. Following the sale, the insider directly owned 1,556,825 shares of the company’s stock, valued at approximately $1,977,167.75. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jason H. Pello sold 52,866 shares of Nerdy stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $1.27, for a total transaction of $67,139.82. Following the sale, the chief financial officer owned 1,877,738 shares in the company, valued at approximately $2,384,727.26. This represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,853 shares of company stock worth $177,613 over the last 90 days. Insiders own 50.94% of the company’s stock.

Nerdy Trading Down 2.0%

Shares of NYSE NRDY opened at $1.24 on Thursday. The business’s 50 day moving average is $1.36 and its 200-day moving average is $1.51. The firm has a market cap of $229.46 million, a P/E ratio of -3.17 and a beta of 1.84. Nerdy Inc. has a 1-year low of $0.75 and a 1-year high of $2.18.

Nerdy (NYSE:NRDY) last announced its earnings results on Thursday, August 7th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. Nerdy had a negative net margin of 24.91% and a negative return on equity of 77.11%. The company had revenue of $45.26 million for the quarter, compared to analysts’ expectations of $46.60 million. Nerdy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts forecast that Nerdy Inc. will post -0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

NRDY has been the topic of several research analyst reports. Wall Street Zen downgraded shares of Nerdy from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Cantor Fitzgerald lowered their price objective on shares of Nerdy from $1.75 to $1.50 and set a “neutral” rating for the company in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1.75.

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.