Christopher C. Swenson Sells 19,126 Shares of Nerdy, Inc. (NYSE:NRDY) Stock

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 19,126 shares of Nerdy stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $1.54, for a total transaction of $29,454.04. Following the transaction, the insider now owns 1,665,902 shares of the company’s stock, valued at $2,565,489.08. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Nerdy Price Performance

NRDY stock opened at $1.58 on Friday. Nerdy, Inc. has a 1-year low of $0.73 and a 1-year high of $3.22. The business has a fifty day moving average price of $1.70 and a 200-day moving average price of $1.39. The stock has a market capitalization of $287.35 million, a P/E ratio of -4.63 and a beta of 2.00.

Hedge Funds Weigh In On Nerdy

A number of hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC raised its position in Nerdy by 55.2% in the 4th quarter. ProShare Advisors LLC now owns 21,350 shares of the company’s stock worth $35,000 after buying an additional 7,594 shares during the last quarter. Price T Rowe Associates Inc. MD grew 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 worth $50,000 after purchasing an additional 7,607 shares during the period. Virtu Financial LLC raised its stake in Nerdy by 59.1% during the 4th quarter. Virtu Financial LLC now owns 23,294 shares of the company’s stock valued at $38,000 after buying an additional 8,655 shares during the last quarter. Moloney Securities Asset Management LLC lifted its holdings in shares of Nerdy by 53.4% during the 4th quarter. Moloney Securities Asset Management LLC now owns 28,725 shares of the company’s stock valued at $47,000 after buying an additional 10,000 shares during the period. Finally, State Street Corp boosted its stake in shares of Nerdy by 0.9% in the 3rd quarter. State Street Corp now owns 1,253,663 shares of the company’s stock worth $1,232,000 after buying an additional 11,721 shares during the last quarter. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lifted their price objective on Nerdy from $1.00 to $1.50 and gave the company a “neutral” rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2.31.

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.