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Nerdy Inc. (NYSE:NRDY), currently valued at $270 million, recently saw a notable transaction as its Chief Financial Officer, Pello Jason H., sold a significant portion of his holdings. According to a recent SEC filing, Jason sold 31,877 shares of Class A Common Stock on March 17, 2025. The shares were sold at an average price of $1.54, amounting to a total transaction value of $49,090. The sale comes amid a significant 52% surge in NRDY’s stock price over the past six months, though InvestingPro analysis suggests the stock remains slightly undervalued at current levels.
Following this sale, Jason retains ownership of 2,036,928 shares, which includes both Class A Common Stock and restricted stock units. The sale was conducted as part of a sell-to-cover program to meet the tax obligations arising from the vesting of restricted stock units. Despite recent volatility, Nerdy maintains strong fundamentals with impressive gross profit margins of 67.5% and a healthy balance sheet showing more cash than debt. InvestingPro subscribers have access to 10 additional key insights about NRDY, including detailed analysis of its financial health and growth prospects.
In other recent news, Nerdy Inc. reported its Q4 2024 earnings, revealing a 13% year-over-year decline in revenue, totaling $48 million. Despite surpassing revenue forecasts of $44.94 million, the company continues to face challenges with profitability and a decrease in consumer learning membership revenue. Cantor Fitzgerald analyst Brett Knoblauch raised the price target for Nerdy to $1.50 from $1.00, maintaining a Neutral rating, following the company’s year-end results for 2024, which showed stabilization in key financial metrics. Nerdy’s recent focus on artificial intelligence (AI) products, such as AI-Driven Summarization & Insights and Tutor Copilot, is expected to drive growth, particularly in the Consumer segment.
The company aims to leverage AI for operational efficiency, with current staffing levels deemed sufficient for the year. Management expects AI tools to enhance user experience and support improved economic outcomes. For 2025, Nerdy projects revenue between $190 million and $200 million, with expectations to achieve EBITDA and cash flow positivity by Q4 2025. The company’s strategic focus on AI and recent product innovations are seen as pivotal in its growth trajectory. Cantor Fitzgerald anticipates potential growth reacceleration in the latter half of 2025, driven by these operational and strategic developments.
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