Insider Selling: Nerdy, Inc. (NYSE:NRDY) CFO Sells 81,381 Shares of Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 81,381 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nerdy Price Performance

NYSE NRDY opened at $1.66 on Friday. The firm’s fifty day moving average price is $1.76 and its 200 day moving average price is $1.32. The company has a market capitalization of $298.53 million, a price-to-earnings ratio of -4.87 and a beta of 1.98. Nerdy, Inc. has a 12 month low of $0.73 and a 12 month high of $3.28.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NRDY shares. JMP Securities reiterated a “market perform” rating on shares of Nerdy in a report on Friday, November 8th. Cantor Fitzgerald reiterated a “neutral” rating and set a $1.00 target price (down from $6.00) on shares of Nerdy in a report on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $2.00 price objective on shares of Nerdy in a research report on Friday, November 8th. Northland Securities dropped their price objective 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. Finally, JPMorgan Chase & Co. downgraded shares of Nerdy from a “neutral” rating to an “underweight” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Nerdy presently has a consensus rating of “Hold” and an average price target of $2.86.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NRDY. SG Americas Securities LLC purchased a new position in shares of Nerdy in the 3rd quarter valued at $29,000. AM Investment Strategies LLC acquired a new stake in Nerdy during the 3rd quarter worth $29,000. Citizens Financial Group Inc. RI acquired a new stake in Nerdy during the 3rd quarter worth $138,000. State Street Corp boosted 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 worth $1,232,000 after purchasing an additional 11,721 shares during the period. Finally, Barclays PLC boosted 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 purchasing an additional 79,808 shares during the period. 39.10% of the stock is 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.