Christopher C. Swenson Sells 58,220 Shares of Nerdy, Inc. (NYSE:NRDY) Stock

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 58,220 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1.80, for a total transaction of $104,796.00. Following the sale, the insider now owns 1,685,028 shares in the company, valued at approximately $3,033,050.40. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Nerdy Trading Down 5.3 %

Shares of NRDY opened at $1.71 on Friday. Nerdy, Inc. has a 12 month low of $0.73 and a 12 month high of $3.28. The business’s fifty day simple moving average is $1.76 and its two-hundred day simple moving average is $1.33.

Institutional Investors Weigh In On Nerdy

Large investors have recently bought and sold shares of the business. Soviero Asset Management LP purchased a new stake in shares of Nerdy during the 4th quarter valued at about $243,000. ProShare Advisors LLC boosted its stake in shares of Nerdy by 55.2% in the 4th quarter. ProShare Advisors LLC now owns 21,350 shares of the company’s stock worth $35,000 after buying an additional 7,594 shares during the last quarter. Nuveen Asset Management LLC increased its position in Nerdy by 99.5% during the fourth quarter. Nuveen Asset Management LLC now owns 410,523 shares of the company’s stock valued at $665,000 after acquiring an additional 204,760 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Nerdy during the 4th quarter valued at about $150,000. Finally, Bank of America Corp DE boosted its holdings in shares of Nerdy by 41.9% in the fourth quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock worth $98,000 after buying an additional 17,889 shares during the last quarter. 39.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on NRDY. Northland Securities dropped their price target on Nerdy from $3.00 to $2.00 and set a “market perform” rating for the company in a research note on Friday, November 8th. Cantor Fitzgerald reiterated a “neutral” rating and set a $1.00 price target (down from $6.00) on shares of Nerdy in a research report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $2.00 price objective on shares of Nerdy in a report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Nerdy in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. downgraded Nerdy from a “neutral” rating to an “underweight” rating in a research report on Monday, November 11th. 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, Nerdy presently has a consensus rating of “Hold” and an average target price 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.