Insider Selling: Nerdy, Inc. (NYSE:NRDY) CFO Sells 31,877 Shares of Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 31,877 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $1.54, for a total transaction of $49,090.58. Following the sale, the chief financial officer now owns 2,036,928 shares in the company, valued at $3,136,869.12. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Nerdy Stock Up 8.4 %

Nerdy stock traded up $0.13 during midday trading on Wednesday, reaching $1.61. 1,547,633 shares of the stock traded hands, compared to its average volume of 1,785,167. The stock has a market cap of $292.83 million, a P/E ratio of -4.72 and a beta of 2.00. The stock’s fifty day moving average is $1.71 and its 200-day moving average is $1.39. Nerdy, Inc. has a 12 month low of $0.73 and a 12 month high of $3.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd purchased a new stake in Nerdy during the fourth quarter valued at $26,000. ProShare Advisors LLC boosted its stake in Nerdy by 55.2% during the fourth 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 period. Virtu Financial LLC increased its position in Nerdy by 59.1% during the fourth 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 during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Nerdy in the fourth quarter valued at $40,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Nerdy by 14,175.0% in the 4th quarter. Quantbot Technologies LP now owns 28,550 shares of the company’s stock worth $46,000 after acquiring an additional 28,350 shares during the last quarter. 39.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.