Insider Selling: Nerdy, Inc. (NYSE:NRDY) CFO Sells 31,877 Shares of Stock

Nerdy, Inc. (NYSE:NRDY - Get Free Report) CFO Jason H. Pello sold 31,877 shares of the company's stock in a transaction dated Monday, March 17th. The shares were 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 approximately $3,136,869.12. This trade represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nerdy Price Performance

Shares of NYSE:NRDY traded up $0.02 during trading on Friday, reaching $1.59. The company had a trading volume of 764,189 shares, compared to its average volume of 1,768,748. Nerdy, Inc. has a fifty-two week low of $0.73 and a fifty-two week high of $3.08. The stock's fifty day moving average price is $1.70 and its 200 day moving average price is $1.40. The firm has a market capitalization of $289.18 million, a price-to-earnings ratio of -4.66 and a beta of 2.00.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group boosted their price objective on Nerdy from $1.00 to $1.50 and gave the company a "neutral" rating in a research note on Monday, March 3rd. 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, Nerdy currently has an average rating of "Hold" and an average price target of $2.31.

Remove Ads

Hedge Funds Weigh In On Nerdy

A number of hedge funds and other institutional investors have recently bought and sold shares of NRDY. Citizens Financial Group Inc. RI acquired a new stake in shares of Nerdy in the 3rd quarter worth $138,000. 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 purchasing an additional 11,721 shares during the period. Barclays PLC boosted its holdings in Nerdy by 330.4% in the 3rd 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 shares of 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 buying an additional 145,575 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Nerdy by 2.0% in the 3rd quarter. Franklin Resources Inc. now owns 4,100,644 shares of the company's stock valued at $4,224,000 after buying an additional 79,624 shares during the period. 39.10% of the stock is currently owned by hedge funds and other institutional investors.

About Nerdy

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.