Insider Selling: Nerdy, Inc. (NYSE:NRDY) Insider Sells 19,126 Shares of Stock

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 19,126 shares of Nerdy stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $1.54, for a total value of $29,454.04. Following the sale, the insider now owns 1,665,902 shares in the company, valued at $2,565,489.08. This represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nerdy Stock Up 8.4 %

NYSE:NRDY traded up $0.13 during mid-day trading on Wednesday, hitting $1.61. 1,547,633 shares of the company traded hands, compared to its average volume of 1,785,167. The stock’s fifty day moving average price is $1.71 and its 200-day moving average price is $1.39. Nerdy, Inc. has a one year low of $0.73 and a one year high of $3.28. The firm has a market cap of $292.83 million, a price-to-earnings ratio of -4.72 and a beta of 2.00.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Nerdy

Hedge funds have recently made changes to their positions in the company. Covestor Ltd purchased a new position in shares of Nerdy in the 4th quarter worth approximately $26,000. ProShare Advisors LLC increased its stake in 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 period. Virtu Financial LLC increased its position in shares of Nerdy by 59.1% during the fourth quarter. Virtu Financial LLC now owns 23,294 shares of the company’s stock worth $38,000 after acquiring an additional 8,655 shares during the period. WINTON GROUP Ltd purchased a new position in Nerdy during the 4th quarter worth $40,000. Finally, Quantbot Technologies LP raised its position in 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 in the last quarter. 39.10% of the stock is currently owned by hedge funds and other institutional investors.

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.