Nerdy, Inc. (NYSE:NRDY) Insider Christopher C. Swenson Sells 25,000 Shares

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $1.49, for a total value of $37,250.00. Following the transaction, the insider now directly owns 1,743,248 shares of the company’s stock, valued at approximately $2,597,439.52. This trade represents a 1.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nerdy Trading Down 3.2 %

Shares of NRDY stock opened at $1.84 on Wednesday. The stock has a market capitalization of $331.90 million, a P/E ratio of -5.41 and a beta of 2.00. The firm’s 50 day moving average is $1.19 and its 200 day moving average is $1.30. Nerdy, Inc. has a 12-month low of $0.73 and a 12-month high of $3.60.

Institutional Trading of Nerdy

Several large investors have recently modified their holdings of NRDY. Bank of New York Mellon Corp lifted its holdings in Nerdy by 28.5% in the second quarter. Bank of New York Mellon Corp now owns 261,917 shares of the company’s stock valued at $437,000 after acquiring an additional 58,152 shares during the period. nVerses Capital LLC bought a new position in shares of Nerdy in the 2nd quarter worth approximately $34,000. ACR Alpine Capital Research LLC boosted its holdings in shares of Nerdy by 4.1% in the second quarter. ACR Alpine Capital Research LLC now owns 991,332 shares of the company’s stock worth $1,656,000 after buying an additional 39,270 shares during the last quarter. Rhumbline Advisers grew its position in Nerdy by 11.6% during the second quarter. Rhumbline Advisers now owns 84,739 shares of the company’s stock valued at $142,000 after buying an additional 8,834 shares during the period. Finally, XTX Topco Ltd increased its holdings in Nerdy by 1,064.9% during the second quarter. XTX Topco Ltd now owns 184,001 shares of the company’s stock valued at $307,000 after buying an additional 168,206 shares during the last quarter. Institutional investors own 39.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut Nerdy from a “neutral” rating to an “underweight” rating in a research note on Monday, November 11th. Cantor Fitzgerald reissued a “neutral” rating and set a $1.00 price objective (down from $6.00) on shares of Nerdy in a research report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. Northland Securities dropped their target price 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $2.00 price target on shares of Nerdy in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.86.

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.