Nerdy, Inc. (NYSE:NRDY) Insider Sells $37,250.00 in Stock

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 25,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $1.49, for a total value of $37,250.00. Following the transaction, the insider now directly owns 1,743,248 shares in the company, valued at $2,597,439.52. This represents a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nerdy Stock Performance

Nerdy stock traded up $0.17 during midday trading on Monday, hitting $1.91. 8,073,849 shares of the company were exchanged, compared to its average volume of 1,783,650. The firm has a market capitalization of $344.53 million, a PE ratio of -5.62 and a beta of 2.00. The business has a fifty day simple moving average of $1.16 and a two-hundred day simple moving average of $1.29. Nerdy, Inc. has a fifty-two week low of $0.73 and a fifty-two week high of $3.60.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NRDY. JPMorgan Chase & Co. lowered Nerdy from a “neutral” rating to an “underweight” rating in a report on Monday, November 11th. Northland Securities cut their price objective on Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a report on Friday, November 8th. Cantor Fitzgerald reissued a “neutral” rating and issued a $1.00 price objective (down from $6.00) on shares of Nerdy in a report on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of Nerdy in a report on Friday, November 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $2.00 price objective on shares of Nerdy in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $2.86.

Hedge Funds Weigh In On Nerdy

A number of hedge funds have recently bought and sold shares of NRDY. Franklin Resources Inc. lifted its position 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. Barclays PLC lifted its position 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 acquiring an additional 79,808 shares in the last quarter. Geode Capital Management LLC lifted its position 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 acquiring an additional 145,575 shares in the last quarter. State Street Corp lifted its position 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 acquiring an additional 11,721 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Nerdy in the third quarter valued at approximately $138,000. Hedge funds and other institutional investors own 39.10% of the company’s stock.

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.