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 stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1.80, for a total transaction of $104,796.00. Following the completion of the sale, the insider now directly owns 1,685,028 shares of the company’s stock, valued at approximately $3,033,050.40. This trade 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 accessible through this hyperlink.

Nerdy Stock Down 3.2 %

Shares of Nerdy stock opened at $1.66 on Friday. 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 $1.32. Nerdy, Inc. has a 12-month low of $0.73 and a 12-month high of $3.28.

Analysts Set New Price Targets

NRDY has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut shares of Nerdy from a “neutral” rating to an “underweight” rating in a research note on Monday, November 11th. Northland Securities dropped their price objective on shares of Nerdy from $3.00 to $2.00 and set a “market perform” rating for the company in a research note on Friday, November 8th. Cantor Fitzgerald restated a “neutral” rating and issued a $1.00 price objective (down previously from $6.00) on shares of Nerdy in a research note on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $2.00 price objective on shares of Nerdy in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.86.

Institutional Investors Weigh In On Nerdy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC increased its position in Nerdy by 55.2% in the 4th quarter. ProShare Advisors LLC now owns 21,350 shares of the company’s stock valued at $35,000 after acquiring an additional 7,594 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Nerdy by 33.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,263 shares of the company’s stock valued at $50,000 after acquiring an additional 7,607 shares in the last quarter. Virtu Financial LLC increased its position in Nerdy by 59.1% in the 4th quarter. Virtu Financial LLC now owns 23,294 shares of the company’s stock valued at $38,000 after acquiring an additional 8,655 shares in the last quarter. Moloney Securities Asset Management LLC increased its position in Nerdy by 53.4% in the 4th quarter. Moloney Securities Asset Management LLC now owns 28,725 shares of the company’s stock valued at $47,000 after acquiring an additional 10,000 shares in the last quarter. Finally, State Street Corp increased its position in Nerdy by 0.9% in the 3rd quarter. State Street Corp now owns 1,253,663 shares of the company’s stock valued at $1,232,000 after acquiring an additional 11,721 shares in the last quarter. Institutional investors and hedge funds own 39.10% of the company’s stock.

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.