Nerdy, Inc. (NYSE:NRDY) CFO Sells $55,645.28 in Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 30,242 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $1.84, for a total transaction of $55,645.28. Following the completion of the transaction, the chief financial officer now owns 2,225,186 shares in the company, valued at $4,094,342.24. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Nerdy Price Performance

NRDY opened at $1.71 on Thursday. The business has a fifty day moving average price of $1.21 and a 200 day moving average price of $1.30. Nerdy, Inc. has a 12 month low of $0.73 and a 12 month high of $3.60. The stock has a market capitalization of $308.45 million, a price-to-earnings ratio of -5.03 and a beta of 2.00.

Wall Street Analyst Weigh In

NRDY has been the subject of several analyst reports. Northland Securities lowered their price objective on Nerdy from $3.00 to $2.00 and set a “market perform” rating for the company in a research report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of Nerdy in a report on Friday, November 8th. Cantor Fitzgerald reissued a “neutral” rating and set a $1.00 price objective (down from $6.00) on shares of Nerdy in a research report 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. Finally, Needham & Company LLC reissued a “buy” rating and issued a $2.00 price target on shares of Nerdy in a research note on Friday, November 8th. One investment 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $2.86.

Hedge Funds Weigh In On Nerdy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC raised its holdings in Nerdy by 382.0% in the second quarter. Millennium Management LLC now owns 1,876,105 shares of the company’s stock valued at $3,133,000 after acquiring an additional 1,486,910 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Nerdy in the 3rd quarter valued at approximately $867,000. Greenvale Capital LLP raised its holdings in shares of Nerdy by 6.0% in the 2nd quarter. Greenvale Capital LLP now owns 9,000,000 shares of the company’s stock valued at $15,030,000 after purchasing an additional 509,004 shares in the last quarter. Clearline Capital LP lifted its position in shares of Nerdy by 34.3% during the 2nd quarter. Clearline Capital LP now owns 1,846,737 shares of the company’s stock worth $3,084,000 after purchasing an additional 471,603 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Nerdy by 12.9% during the second quarter. Marshall Wace LLP now owns 1,960,393 shares of the company’s stock worth $3,274,000 after purchasing an additional 224,049 shares in the last quarter. 39.10% of the stock is owned by institutional investors and hedge funds.

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.