Nerdy, Inc. (NYSE:NRDY) Insider Sells $43,400.00 in Stock

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 35,000 shares of Nerdy stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $1.24, for a total transaction of $43,400.00. Following the sale, the insider now owns 1,768,248 shares of the company’s stock, valued at approximately $2,192,627.52. This represents a 1.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Nerdy Price Performance

Shares of Nerdy stock opened at $1.40 on Friday. Nerdy, Inc. has a 1 year low of $0.73 and a 1 year high of $3.60. The company has a market capitalization of $252.53 million, a P/E ratio of -4.12 and a beta of 1.68. The business has a 50-day moving average of $0.99 and a two-hundred day moving average of $1.35.

Institutional Trading of Nerdy

A number of large investors have recently bought and sold shares of NRDY. Rhumbline Advisers boosted its holdings in shares of Nerdy by 11.6% in the second quarter. Rhumbline Advisers now owns 84,739 shares of the company’s stock valued at $142,000 after buying an additional 8,834 shares during the period. State Street Corp lifted its position 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 acquiring an additional 11,721 shares in the last quarter. nVerses Capital LLC acquired a new position in Nerdy in the 2nd quarter worth $34,000. SG Americas Securities LLC bought a new position in Nerdy during the 3rd quarter worth about $29,000. Finally, AM Investment Strategies LLC acquired a new stake in shares of Nerdy in the 3rd quarter valued at about $29,000. 39.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. lowered shares of Nerdy from a “neutral” rating to an “underweight” rating in a report on Monday, November 11th. Barclays reduced their price target on Nerdy from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $2.00 price objective on shares of Nerdy in a report on Friday, November 8th. Canaccord Genuity Group cut Nerdy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $5.00 to $3.00 in a report on Friday, August 9th. Finally, Northland Securities decreased their target price on Nerdy from $3.00 to $2.00 and set a “market perform” rating for the company in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, 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.