Jason H. Pello Sells 81,381 Shares of Nerdy, Inc. (NYSE:NRDY) Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 81,381 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1.80, for a total transaction of $146,485.80. Following the completion of the sale, the chief financial officer now owns 2,143,805 shares in the company, valued at approximately $3,858,849. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Nerdy Price Performance

NYSE NRDY traded down $0.10 on Thursday, hitting $1.71. 1,392,010 shares of the company were exchanged, compared to its average volume of 1,246,978. The company’s 50 day moving average price is $1.76 and its 200-day moving average price is $1.32. The firm has a market capitalization of $307.55 million, a P/E ratio of -5.01 and a beta of 1.98. Nerdy, Inc. has a twelve month low of $0.73 and a twelve month high of $3.28.

Institutional Trading of Nerdy

Several institutional investors and hedge funds have recently bought and sold shares of NRDY. SG Americas Securities LLC purchased a new position in Nerdy during the 3rd quarter valued at about $29,000. AM Investment Strategies LLC purchased a new position in Nerdy during the 3rd quarter valued at about $29,000. Citizens Financial Group Inc. RI purchased a new position in Nerdy during the 3rd quarter valued at about $138,000. State Street Corp grew its stake in Nerdy by 0.9% during the 3rd 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, 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 valued at $102,000 after acquiring an additional 79,808 shares in the last quarter. Institutional investors and hedge funds own 39.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Northland Securities dropped their price target on shares of Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a research report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and issued a $2.00 price target on shares of Nerdy in a research report on Friday, November 8th. JPMorgan Chase & Co. cut shares of Nerdy from a “neutral” rating to an “underweight” rating in a research report on Monday, November 11th. JMP Securities reiterated a “market perform” rating on shares of Nerdy in a research report on Friday, November 8th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $1.00 price target (down from $6.00) on shares of Nerdy in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Nerdy has a consensus rating of “Hold” and a consensus price target 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.