nerdy (nyse: nrdy) is a leading platform for live online learning, with a mission to transform the way people learn through technology. the company’s purpose-built proprietary platform leverages technology, including ai, to connect learners of all ages to experts, delivering superior value on both sides of the network. nerdy’s comprehensive learning destination provides learning experiences across 3,000+ subjects and multiple formats—including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. nerdy’s flagship business, varsity tutors, is one of the nation’s largest platforms for live online tutoring and classes. its solutions are available directly to students and consumers, as well as through schools and other institutions.
Company profile
Ticker
NRDY
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
TPG Pace Tech Opportunities Corp.
SEC CIK
Corporate docs
IRS number
981499860
NRDY stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
2 Apr 24
DEF 14A
Definitive proxy
2 Apr 24
S-8
Registration of securities for employees
27 Feb 24
10-K
2023 FY
Annual report
27 Feb 24
8-K
Q4 | 2023 Earnings Release
27 Feb 24
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Results of Operations and Financial Condition
7 Nov 23
25-NSE
Exchange delisting
28 Sep 23
SC TO-I/A
Issuer tender offer statement (amended)
26 Sep 23
8-K
Entry into a Material Definitive Agreement
26 Sep 23
Transcripts
NRDY
Earnings call transcript
2023 Q4
27 Feb 24
NRDY
Earnings call transcript
2023 Q3
7 Nov 23
NRDY
Earnings call transcript
2023 Q2
8 Aug 23
NRDY
Earnings call transcript
2023 Q1
9 May 23
NRDY
Earnings call transcript
2022 Q4
28 Feb 23
NRDY
Earnings call transcript
2022 Q3
15 Nov 22
NRDY
Earnings call transcript
2022 Q2
16 Aug 22
NRDY
Earnings call transcript
2022 Q1
17 May 22
NRDY
Earnings call transcript
2021 Q4
1 Mar 22
NRDY
Earnings call transcript
2021 Q3
16 Nov 21
Latest ownership filings
4
Christopher C. Swenson
24 Apr 24
144
Notice of proposed sale of securities
22 Apr 24
4
Jason H. Pello
26 Mar 24
4
Christopher C. Swenson
20 Mar 24
4
Charles K. Cohn
19 Mar 24
4
Charles K. Cohn
18 Mar 24
4
Charles K. Cohn
15 Mar 24
4
Charles K. Cohn
14 Mar 24
4
Charles K. Cohn
13 Mar 24
4
Jason H. Pello
22 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 84.55 mm | 84.55 mm | 84.55 mm | 84.55 mm | 84.55 mm | 84.55 mm |
Cash burn (monthly) | 2.40 mm | 1.89 mm | 8.52 mm | 7.39 mm | 1.60 mm | 1.42 mm |
Cash used (since last report) | 16.45 mm | 12.92 mm | 58.25 mm | 50.55 mm | 10.93 mm | 9.72 mm |
Cash remaining | 68.10 mm | 71.63 mm | 26.29 mm | 34.00 mm | 73.62 mm | 74.83 mm |
Runway (months of cash) | 28.3 | 37.9 | 3.1 | 4.6 | 46.1 | 52.7 |
Institutional ownership, Q3 2023
99.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 132 |
Opened positions | 34 |
Closed positions | 7 |
Increased positions | 39 |
Reduced positions | 31 |
13F shares | Current |
---|---|
Total value | 243.85 bn |
Total shares | 106.95 mm |
Total puts | 32.90 k |
Total calls | 97.80 k |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
TCV Viii (a) | 20.59 mm | $72.05 mm |
TPG Pace Tech Opportunities Sponsor, Series | 16.61 mm | $74.76 mm |
TPG GP A | 10.60 mm | $39.20 bn |
Greenvale Capital | 8.25 mm | $30.53 bn |
BEN Franklin Resources | 4.27 mm | $15.81 bn |
BLK Blackrock | 4.02 mm | $14.87 bn |
Technology Crossover Management VIII | 3.95 mm | $14.61 bn |
GS Goldman Sachs | 3.78 mm | $13.99 bn |
Light Street Capital Management | 3.22 mm | $11.93 bn |
Vanguard | 2.91 mm | $10.77 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Apr 24 | Christopher C. Swenson | Class A Common Stock | Sell | Dispose S | No | Yes | 2.53 | 30,000 | 75.90 k | 1,203,248 |
25 Mar 24 | Jason H. Pello | Class A Common Stock | Sell | Dispose S | No | No | 3.06 | 29,195 | 89.34 k | 1,476,049 |
18 Mar 24 | Christopher C. Swenson | Class A Common Stock | Sell | Dispose S | No | No | 2.96 | 25,000 | 74.00 k | 1,233,248 |
15 Mar 24 | Charles K. Cohn | Class A Common Stock | Buy | Acquire P | Yes | No | 2.99 | 37,500 | 112.13 k | 260,704 |
15 Mar 24 | Charles K. Cohn | Class A Common Stock | Buy | Acquire P | Yes | No | 2.99 | 37,500 | 112.13 k | 260,704 |
14 Mar 24 | Charles K. Cohn | Class A Common Stock | Buy | Acquire P | Yes | No | 2.84 | 37,500 | 106.50 k | 223,204 |
14 Mar 24 | Charles K. Cohn | Class A Common Stock | Buy | Acquire P | Yes | No | 2.84 | 37,500 | 106.50 k | 223,204 |
News
12 Consumer Discretionary Stocks Moving In Friday's After-Market Session
19 Apr 24
12 Consumer Discretionary Stocks Moving In Friday's After-Market Session
12 Apr 24
Traeger And 3 Other Stocks Under $5 Insiders Are Buying
18 Mar 24
Nerdy And 3 Other Stocks Under $3 Insiders Are Buying
14 Mar 24
JP Morgan Assumes Nerdy at Overweight, Announces Price Target of $5
11 Mar 24
Press releases
Nerdy to Announce First Quarter 2024 Results on May 7, 2024
23 Apr 24
Gateway Science Academy Selects Varsity Tutors for Schools to Provide Students with Additional Learning Resources
19 Apr 24
Dent-Phelps R-III School District Selects Varsity Tutors for Schools to Provide Students With Additional Learning Resources
16 Apr 24
Prague High School Selects Varsity Tutors for Schools to Provide Students with Additional Learning Resources
12 Apr 24
Fredonia-Moccasin Unified School District #6 Selects Varsity Tutors for Schools to Provide Students with Additional Learning Resources
11 Apr 24