Nerdy, Inc. (NYSE:NRDY) Insider Sells $104,796.00 in Stock

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 58,220 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $1.80, for a total value of $104,796.00. Following the transaction, the insider now owns 1,685,028 shares in the company, valued at $3,033,050.40. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Nerdy Stock Down 3.2 %

Shares of Nerdy stock opened at $1.66 on Friday. Nerdy, Inc. has a 12-month low of $0.73 and a 12-month high of $3.28. The stock has a market capitalization of $298.53 million, a P/E ratio of -4.87 and a beta of 1.98. The company has a 50-day simple moving average of $1.76 and a 200 day simple moving average of $1.33.

Analyst Ratings Changes

Several analysts have recently weighed in on NRDY shares. Needham & Company LLC reissued a “buy” rating and set a $2.00 price objective on shares of Nerdy in a report on Friday, November 8th. Northland Securities decreased their price target on shares of Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a research note on Friday, November 8th. Cantor Fitzgerald reissued a “neutral” rating and issued a $1.00 price target (down previously from $6.00) on shares of Nerdy in a report on Friday, November 8th. JPMorgan Chase & Co. downgraded shares of Nerdy from a “neutral” rating to an “underweight” rating in a report on Monday, November 11th. Finally, JMP Securities reissued a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Nerdy has an average rating of “Hold” and a consensus price target of $2.86.

Institutional Trading of Nerdy

Hedge funds have recently modified their holdings of the company. Covestor Ltd bought a new stake in Nerdy during the 4th quarter worth approximately $26,000. ProShare Advisors LLC boosted its stake in Nerdy by 55.2% in the fourth quarter. ProShare Advisors LLC now owns 21,350 shares of the company’s stock worth $35,000 after purchasing an additional 7,594 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of Nerdy by 59.1% during the fourth quarter. Virtu Financial LLC now owns 23,294 shares of the company’s stock worth $38,000 after purchasing an additional 8,655 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Nerdy in the fourth quarter valued at $40,000. Finally, Quantbot Technologies LP raised its holdings in shares of Nerdy by 14,175.0% in the fourth quarter. Quantbot Technologies LP now owns 28,550 shares of the company’s stock valued at $46,000 after buying an additional 28,350 shares during the last quarter. Institutional investors and hedge funds own 39.10% of the company’s stock.

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.