Insider Selling: Nerdy, Inc. (NYSE:NRDY) CFO Sells 30,242 Shares of Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 30,242 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $1.84, for a total value of $55,645.28. Following the sale, the chief financial officer now owns 2,225,186 shares of the company’s stock, valued at approximately $4,094,342.24. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Nerdy Stock Performance

NRDY opened at $1.60 on Friday. Nerdy, Inc. has a one year low of $0.73 and a one year high of $3.60. The stock’s fifty day moving average is $1.22 and its 200-day moving average is $1.30. The company has a market capitalization of $288.60 million, a PE ratio of -4.71 and a beta of 2.00.

Analysts Set New Price Targets

Several brokerages have recently commented on NRDY. Northland Securities decreased their target price on Nerdy from $3.00 to $2.00 and set a “market perform” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered Nerdy from a “neutral” rating to an “underweight” rating in a research report on Monday, November 11th. JMP Securities restated a “market perform” rating on shares of Nerdy in a research report on Friday, November 8th. Cantor Fitzgerald restated a “neutral” rating and set a $1.00 price objective (down previously from $6.00) on shares of Nerdy in a research report on Friday, November 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $2.00 price objective 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 assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $2.86.

Institutional Trading of Nerdy

Hedge funds and other institutional investors have recently modified their holdings of the company. Ritholtz Wealth Management bought a new stake in shares of Nerdy in the 3rd quarter worth $867,000. Greenvale Capital LLP raised its stake in shares of Nerdy by 6.0% in the 2nd quarter. Greenvale Capital LLP now owns 9,000,000 shares of the company’s stock worth $15,030,000 after buying an additional 509,004 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Nerdy during the third quarter worth $29,000. Cubist Systematic Strategies LLC raised its position in shares of Nerdy by 286.7% during the second quarter. Cubist Systematic Strategies LLC now owns 259,822 shares of the company’s stock worth $434,000 after purchasing an additional 192,635 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Nerdy during the second quarter worth $34,000. Institutional investors 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.