Nerdy (NYSE:NRDY) COO John Andrew Paszterko Sells 31,788 Shares

Nerdy Inc. (NYSE:NRDY) COO John Andrew Paszterko sold 31,788 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $0.93, for a total transaction of $29,562.84. Following the completion of the sale, the chief operating officer owned 1,149,755 shares in the company, valued at $1,069,272.15. This represents a 2.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nerdy Trading Down 1.2%

Shares of Nerdy stock opened at $0.93 on Tuesday. The stock has a fifty day simple moving average of $0.90 and a 200 day simple moving average of $1.03. Nerdy Inc. has a 12-month low of $0.75 and a 12-month high of $1.90. The company has a market capitalization of $175.21 million, a P/E ratio of -2.73 and a beta of 1.84. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.67.

Nerdy (NYSE:NRDY) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Nerdy had a negative return on equity of 95.27% and a negative net margin of 22.30%.The company had revenue of $49.11 million for the quarter, compared to the consensus estimate of $45.75 million. On average, sell-side analysts anticipate that Nerdy Inc. will post -0.2 earnings per share for the current fiscal year.

Institutional Trading of Nerdy

A number of hedge funds have recently bought and sold shares of NRDY. Virtu Financial LLC bought a new stake in Nerdy during the fourth quarter worth $25,000. Symmetry Peak Management LLC bought a new stake in Nerdy during the fourth quarter worth $26,000. Engineers Gate Manager LP bought a new stake in Nerdy during the fourth quarter worth $28,000. AQR Capital Management LLC lifted its holdings 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 acquiring an additional 15,234 shares during the period. Finally, Strs Ohio bought a new stake in Nerdy during the first quarter worth $56,000. 39.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nerdy in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $1.00.

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.