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

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

Nerdy Price Performance

NRDY traded down $0.10 during trading on Thursday, reaching $1.71. The company had a trading volume of 1,392,010 shares, compared to its average volume of 1,246,978. Nerdy, Inc. has a 12 month low of $0.73 and a 12 month high of $3.28. The business’s fifty day moving average price is $1.76 and its 200 day moving average price is $1.32. The company has a market cap of $307.55 million, a P/E ratio of -5.01 and a beta of 1.98.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Covestor Ltd bought a new position in Nerdy in the fourth quarter valued at approximately $26,000. AM Investment Strategies LLC bought a new position in Nerdy in the third quarter valued at approximately $29,000. SG Americas Securities LLC bought a new position in Nerdy in the third quarter valued at approximately $29,000. ProShare Advisors LLC lifted its stake in Nerdy by 55.2% in the fourth quarter. ProShare Advisors LLC now owns 21,350 shares of the company’s stock valued at $35,000 after buying an additional 7,594 shares in the last quarter. Finally, Virtu Financial LLC lifted its stake in Nerdy by 59.1% in the fourth quarter. Virtu Financial LLC now owns 23,294 shares of the company’s stock valued at $38,000 after buying an additional 8,655 shares in the last quarter. Institutional investors own 39.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $1.00 target price (down previously from $6.00) on shares of Nerdy in a research note on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. Northland Securities reduced their target price on shares of Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered shares of Nerdy from a “neutral” rating to an “underweight” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $2.00 price objective on shares of Nerdy in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.