Nerdy, Inc. (NYSE:NRDY) CFO Sells $113,250.00 in Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 75,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $1.51, for a total transaction of $113,250.00. Following the transaction, the chief financial officer now directly owns 2,068,805 shares in the company, valued at $3,123,895.55. The trade was a 3.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Nerdy Trading Up 5.1 %

Shares of NYSE:NRDY opened at $1.56 on Monday. The firm’s 50 day moving average is $1.72 and its two-hundred day moving average is $1.38. Nerdy, Inc. has a 52 week low of $0.73 and a 52 week high of $3.28. The firm has a market capitalization of $283.71 million, a P/E ratio of -4.57 and a beta of 2.00.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their price target on shares of Nerdy from $1.00 to $1.50 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. One 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, the stock presently has an average rating of “Hold” and a consensus price target of $2.31.

Institutional Investors Weigh In On Nerdy

Several large investors have recently made changes to their positions in NRDY. Citizens Financial Group Inc. RI acquired a new stake in shares of Nerdy in the third quarter valued at approximately $138,000. State Street Corp increased its stake in shares of Nerdy by 0.9% in the third quarter. State Street Corp now owns 1,253,663 shares of the company’s stock valued at $1,232,000 after purchasing an additional 11,721 shares during the period. Barclays PLC increased its stake in shares of Nerdy by 330.4% in the third quarter. Barclays PLC now owns 103,960 shares of the company’s stock valued at $102,000 after purchasing an additional 79,808 shares during the period. Geode Capital Management LLC increased its stake in shares of Nerdy by 9.3% in the third quarter. Geode Capital Management LLC now owns 1,718,647 shares of the company’s stock valued at $1,690,000 after purchasing an additional 145,575 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Nerdy by 2.0% in the third quarter. Franklin Resources Inc. now owns 4,100,644 shares of the company’s stock valued at $4,224,000 after acquiring an additional 79,624 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.