ACR Alpine Capital Research LLC Has $2.77 Million Holdings in Nerdy, Inc. (NYSE:NRDY)

ACR Alpine Capital Research LLC boosted its holdings in shares of Nerdy, Inc. (NYSE:NRDY) by 15.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 952,062 shares of the company’s stock after buying an additional 129,090 shares during the quarter. Nerdy comprises 0.1% of ACR Alpine Capital Research LLC’s portfolio, making the stock its 24th biggest holding. ACR Alpine Capital Research LLC owned 0.55% of Nerdy worth $2,770,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Greenvale Capital LLP lifted its stake in shares of Nerdy by 2.9% in the fourth quarter. Greenvale Capital LLP now owns 8,490,996 shares of the company’s stock worth $29,124,000 after buying an additional 240,996 shares during the last quarter. S Squared Technology LLC boosted its holdings in Nerdy by 582.6% during the fourth quarter. S Squared Technology LLC now owns 204,786 shares of the company’s stock valued at $702,000 after acquiring an additional 174,786 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Nerdy by 1,765.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,051 shares of the company’s stock valued at $52,000 after purchasing an additional 14,244 shares during the last quarter. Certuity LLC bought a new position in shares of Nerdy in the fourth quarter worth about $120,000. Finally, SG Americas Securities LLC acquired a new position in shares of Nerdy during the 4th quarter worth about $50,000. 39.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Christopher C. Swenson sold 30,000 shares of Nerdy stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $2.53, for a total transaction of $75,900.00. Following the completion of the sale, the insider now owns 1,203,248 shares in the company, valued at approximately $3,044,217.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Nerdy news, CFO Jason H. Pello sold 37,360 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $2.07, for a total value of $77,335.20. Following the transaction, the chief financial officer now owns 2,438,689 shares of the company’s stock, valued at $5,048,086.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher C. Swenson sold 30,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $2.53, for a total value of $75,900.00. Following the transaction, the insider now owns 1,203,248 shares in the company, valued at approximately $3,044,217.44. The disclosure for this sale can be found here. Insiders bought a total of 1,200,275 shares of company stock worth $2,131,511 over the last three months. 31.35% of the stock is currently owned by company insiders.

Nerdy Stock Performance

Nerdy stock traded up $0.15 on Thursday, reaching $1.70. The company’s stock had a trading volume of 2,040,464 shares, compared to its average volume of 1,241,843. The business’s fifty day moving average price is $1.83 and its 200 day moving average price is $2.60. Nerdy, Inc. has a twelve month low of $1.47 and a twelve month high of $5.37. The company has a market cap of $298.69 million, a price-to-earnings ratio of -6.07 and a beta of 1.73.

Nerdy (NYSE:NRDY) last announced its earnings results on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. Nerdy had a negative net margin of 14.49% and a negative return on equity of 41.24%. The company had revenue of $53.73 million for the quarter, compared to analyst estimates of $52.20 million. During the same period in the prior year, the business earned ($0.12) earnings per share. Nerdy’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, equities analysts forecast that Nerdy, Inc. will post -0.31 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on NRDY shares. The Goldman Sachs Group boosted their price objective on shares of Nerdy from $3.25 to $3.75 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Needham & Company LLC reissued a “buy” rating and set a $4.00 price objective on shares of Nerdy in a report on Friday, May 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.82.

Nerdy Company Profile

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.