WINTON GROUP Ltd Takes $40,000 Position in Nerdy, Inc. (NYSE:NRDY)

WINTON GROUP Ltd acquired a new position in shares of Nerdy, Inc. (NYSE:NRDY) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 24,811 shares of the company’s stock, valued at approximately $40,000.

A number of other institutional investors also recently added to or reduced their stakes in NRDY. Virtu Financial LLC boosted its stake in Nerdy by 59.1% in 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 in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Nerdy by 14,175.0% during the 4th quarter. Quantbot Technologies LP now owns 28,550 shares of the company’s stock valued at $46,000 after purchasing an additional 28,350 shares during the last quarter. Moloney Securities Asset Management LLC boosted its position in shares of Nerdy by 53.4% in the 4th quarter. Moloney Securities Asset Management LLC now owns 28,725 shares of the company’s stock worth $47,000 after purchasing an additional 10,000 shares in the last quarter. Sargent Investment Group LLC acquired a new stake in shares of Nerdy in the 4th quarter worth $153,000. Finally, Barclays PLC grew its stake 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 last quarter. Institutional investors own 39.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised their price target on Nerdy from $1.00 to $1.50 and gave the stock a “neutral” rating in a 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 company. According to MarketBeat, Nerdy presently has an average rating of “Hold” and an average target price of $2.31.

Nerdy Stock Performance

Nerdy stock opened at $1.43 on Tuesday. Nerdy, Inc. has a fifty-two week low of $0.73 and a fifty-two week high of $3.03. The company has a market cap of $259.99 million, a PE ratio of -4.19 and a beta of 2.00. The business’s 50-day simple moving average is $1.69 and its two-hundred day simple moving average is $1.43.

Insider Activity at Nerdy

In other news, insider Christopher C. Swenson sold 58,220 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1.80, for a total value of $104,796.00. Following the sale, the insider now owns 1,685,028 shares in the company, valued at $3,033,050.40. This represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason H. Pello sold 81,381 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $1.80, for a total transaction of $146,485.80. Following the transaction, the chief financial officer now directly owns 2,143,805 shares of the company’s stock, valued at approximately $3,858,849. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 265,604 shares of company stock worth $443,076 over the last quarter. Insiders own 50.94% 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.