Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello Sells 30,242 Shares

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 30,242 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $1.84, for a total transaction of $55,645.28. Following the sale, the chief financial officer now owns 2,225,186 shares in the company, valued at approximately $4,094,342.24. This trade represents a 1.34 % 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 traded down $0.14 on Wednesday, hitting $1.71. 2,544,358 shares of the company’s stock were exchanged, compared to its average volume of 1,789,274. Nerdy, Inc. has a fifty-two week low of $0.73 and a fifty-two week high of $3.60. The firm has a market cap of $308.45 million, a price-to-earnings ratio of -5.03 and a beta of 2.00. The firm’s 50-day moving average price is $1.21 and its two-hundred day moving average price is $1.30.

Institutional Investors Weigh In On Nerdy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in shares of Nerdy by 11.6% in the 2nd quarter. Rhumbline Advisers now owns 84,739 shares of the company’s stock valued at $142,000 after purchasing an additional 8,834 shares in the last quarter. State Street Corp increased its stake in Nerdy by 0.9% in the 3rd quarter. State Street Corp now owns 1,253,663 shares of the company’s stock valued at $1,232,000 after purchasing an additional 11,721 shares in the last quarter. nVerses Capital LLC purchased a new stake in Nerdy during the second quarter worth $34,000. SG Americas Securities LLC acquired a new position in shares of Nerdy during the 3rd quarter worth $29,000. Finally, AM Investment Strategies LLC acquired a new position in Nerdy during the third quarter worth about $29,000. Institutional investors and hedge funds own 39.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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