Insider Selling: Nerdy, Inc. (NYSE:NRDY) CFO Sells 70,490 Shares of Stock

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

Nerdy Stock Performance

Nerdy stock opened at $1.26 on Thursday. The stock’s fifty day moving average is $0.98 and its two-hundred day moving average is $1.37. Nerdy, Inc. has a 1-year low of $0.73 and a 1-year high of $3.60.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NRDY. Barclays PLC boosted its holdings in Nerdy by 330.4% in the third quarter. Barclays PLC now owns 103,960 shares of the company’s stock valued at $102,000 after purchasing an additional 79,808 shares in the last quarter. Geode Capital Management LLC raised its stake in Nerdy by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,718,647 shares of the company’s stock worth $1,690,000 after acquiring an additional 145,575 shares in the last quarter. State Street Corp lifted its position in Nerdy by 0.9% in the third quarter. State Street Corp now owns 1,253,663 shares of the company’s stock valued at $1,232,000 after acquiring an additional 11,721 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new position in Nerdy in the third quarter valued at $138,000. Finally, AM Investment Strategies LLC purchased a new position in shares of Nerdy during the third quarter worth about $29,000. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on NRDY. Canaccord Genuity Group restated a “hold” rating and issued a $3.00 price objective (down previously from $5.00) on shares of Nerdy in a report on Friday, August 9th. Cantor Fitzgerald reiterated a “neutral” rating and set a $1.00 price target (down from $6.00) on shares of Nerdy in a research report on Friday, November 8th. Northland Capmk cut shares of Nerdy from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. JMP Securities restated a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. Finally, Northland Securities dropped their price objective on Nerdy from $3.00 to $2.00 and set a “market perform” rating for the company in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.