Jason H. Pello Sells 70,490 Shares of Nerdy, Inc. (NYSE:NRDY) Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 70,490 shares of Nerdy stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $1.06, for a total transaction of $74,719.40. Following the transaction, the chief financial officer now directly owns 2,255,428 shares in the company, valued at $2,390,753.68. This represents a 3.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Nerdy Stock Up 6.4 %

Nerdy stock opened at $1.41 on Friday. Nerdy, Inc. has a 12 month low of $0.73 and a 12 month high of $3.60. The business has a 50 day moving average price of $0.99 and a two-hundred day moving average price of $1.36.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in Nerdy in the third quarter valued at approximately $29,000. AM Investment Strategies LLC bought a new position in Nerdy during the third quarter worth about $29,000. nVerses Capital LLC bought a new position in Nerdy in the second quarter valued at approximately $34,000. Bayesian Capital Management LP acquired a new stake in shares of Nerdy in the 1st quarter valued at about $101,000. Finally, Barclays PLC grew its stake in shares of Nerdy by 330.4% during the 3rd quarter. Barclays PLC now owns 103,960 shares of the company’s stock worth $102,000 after acquiring an additional 79,808 shares in the last quarter. 39.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NRDY has been the subject of several recent research reports. Canaccord Genuity Group lowered shares of Nerdy from a “buy” rating to a “hold” rating and reduced their price target for the company from $5.00 to $3.00 in a report on Friday, August 9th. Barclays cut their price target on Nerdy from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Raymond James cut Nerdy from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. lowered Nerdy from a “neutral” rating to an “underweight” rating in a research report on Monday, November 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $1.00 target price (down previously from $6.00) on shares of Nerdy in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nerdy currently has a consensus rating of “Hold” and an average target price of $2.86.

About Nerdy

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.