Jason H. Pello Sells 31,877 Shares of Nerdy, Inc. (NYSE:NRDY) Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 31,877 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $1.54, for a total value of $49,090.58. Following the completion of the sale, the chief financial officer now directly owns 2,036,928 shares of the company’s stock, valued at $3,136,869.12. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nerdy Price Performance

Nerdy stock opened at $1.58 on Friday. Nerdy, Inc. has a one year low of $0.73 and a one year high of $3.22. The business has a fifty day moving average price of $1.70 and a 200-day moving average price of $1.39. The firm has a market capitalization of $287.35 million, a P/E ratio of -4.63 and a beta of 2.00.

Institutional Investors Weigh In On Nerdy

Large investors have recently added to or reduced their stakes in the business. Covestor Ltd bought a new stake in Nerdy during the fourth quarter valued at $26,000. ProShare Advisors LLC boosted its stake in Nerdy by 55.2% during 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 during the period. Virtu Financial LLC boosted its stake in Nerdy by 59.1% during 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 during the period. WINTON GROUP Ltd bought a new stake in Nerdy during the fourth quarter valued at $40,000. Finally, Quantbot Technologies LP lifted its stake in Nerdy by 14,175.0% during the fourth quarter. Quantbot Technologies LP now owns 28,550 shares of the company’s stock worth $46,000 after purchasing an additional 28,350 shares during the last quarter. Institutional investors own 39.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised their target price on Nerdy from $1.00 to $1.50 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. One equities research 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. According to MarketBeat.com, Nerdy currently has a consensus rating of “Hold” and a consensus price target of $2.31.

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.