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 firm’s stock in a transaction dated 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 transaction, the insider now directly owns 1,685,028 shares in the company, valued at $3,033,050.40. This trade represents a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Nerdy Stock Performance

Shares of NRDY stock opened at $1.66 on Friday. The company has a market capitalization of $298.53 million, a P/E ratio of -4.87 and a beta of 1.98. The company’s 50 day moving average price is $1.76 and its two-hundred day moving average price is $1.32. Nerdy, Inc. has a 52 week low of $0.73 and a 52 week high of $3.28.

Institutional Trading of Nerdy

Several hedge funds have recently bought and sold shares of NRDY. SG Americas Securities LLC acquired a new stake in Nerdy during the 3rd quarter worth approximately $29,000. AM Investment Strategies LLC acquired a new stake in Nerdy during the 3rd quarter worth approximately $29,000. Citizens Financial Group Inc. RI acquired a new stake in Nerdy during the 3rd quarter worth approximately $138,000. State Street Corp raised its holdings in Nerdy by 0.9% during 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 period. Finally, Barclays PLC raised its holdings in Nerdy by 330.4% during the 3rd quarter. Barclays PLC now owns 103,960 shares of the company’s stock worth $102,000 after buying an additional 79,808 shares during the period. 39.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NRDY. JMP Securities reaffirmed a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. Northland Securities reduced their target price on shares of Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered shares of Nerdy from a “neutral” rating to an “underweight” rating in a research note on Monday, November 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $2.00 target price on shares of Nerdy in a research note on Friday, November 8th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $1.00 price objective (down previously from $6.00) on shares of Nerdy in a research note on Friday, November 8th. One equities research 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 a consensus rating of “Hold” and an average price target of $2.86.

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.