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

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 19,126 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $1.54, for a total value of $29,454.04. Following the transaction, the insider now directly 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 filing with the Securities & Exchange Commission, which is available through the SEC website.

Nerdy Stock Up 1.0 %

Shares of NYSE NRDY opened at $1.59 on Friday. The stock has a market cap of $289.18 million, a PE ratio of -4.66 and a beta of 2.00. Nerdy, Inc. has a 52-week low of $0.73 and a 52-week high of $3.13. The business has a 50-day moving average price of $1.70 and a 200 day moving average price of $1.39.

Analyst Upgrades and Downgrades

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

Institutional Trading of Nerdy

A number of large investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of Nerdy by 2.0% in the 3rd quarter. Franklin Resources Inc. now owns 4,100,644 shares of the company’s stock valued at $4,224,000 after purchasing an additional 79,624 shares during the period. Geode Capital Management LLC boosted its position in shares of Nerdy by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,750,860 shares of the company’s stock valued at $2,837,000 after purchasing an additional 32,213 shares during the period. State Street Corp boosted its position 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 valued at $1,232,000 after purchasing an additional 11,721 shares during the period. Northern Trust Corp boosted its position in shares of Nerdy by 12.2% in the 4th quarter. Northern Trust Corp now owns 684,590 shares of the company’s stock valued at $1,109,000 after purchasing an additional 74,233 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of Nerdy by 99.5% in the 4th quarter. Nuveen Asset Management LLC now owns 410,523 shares of the company’s stock valued at $665,000 after purchasing an additional 204,760 shares during the period. 39.10% of the stock is owned by institutional investors and hedge funds.

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.