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Insider Selling: Nerdy, Inc. (NYSE:NRDY) CFO Sells 75,000 Shares of Stock

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Nerdy, Inc. (NYSE:NRDY - Get Free Report) CFO Jason H. Pello sold 75,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $1.51, for a total value of $113,250.00. Following the completion of the transaction, the chief financial officer now directly owns 2,068,805 shares of the company's stock, valued at approximately $3,123,895.55. The trade was a 3.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nerdy Price Performance

Shares of NYSE:NRDY traded up $0.08 during trading on Friday, reaching $1.56. 1,184,453 shares of the stock were exchanged, compared to its average volume of 1,799,559. Nerdy, Inc. has a 1-year low of $0.73 and a 1-year high of $3.28. The stock has a fifty day moving average of $1.72 and a two-hundred day moving average of $1.37. The firm has a market cap of $283.71 million, a price-to-earnings ratio of -4.57 and a beta of 2.00.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised their price objective on shares of Nerdy from $1.00 to $1.50 and gave the company a "neutral" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $2.31.

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Check Out Our Latest Stock Report on NRDY

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NRDY. Soviero Asset Management LP bought a new stake in shares of Nerdy during the fourth quarter worth about $243,000. ProShare Advisors LLC boosted its stake in Nerdy by 55.2% during the 4th quarter. ProShare Advisors LLC now owns 21,350 shares of the company's stock valued at $35,000 after purchasing an additional 7,594 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Nerdy by 99.5% in the fourth quarter. Nuveen Asset Management LLC now owns 410,523 shares of the company's stock worth $665,000 after purchasing an additional 204,760 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Nerdy in the fourth quarter valued at approximately $150,000. Finally, Bank of America Corp DE grew its holdings in Nerdy by 41.9% during the fourth quarter. Bank of America Corp DE now owns 60,565 shares of the company's stock worth $98,000 after buying an additional 17,889 shares in the last quarter. Institutional investors and hedge funds own 39.10% of the company's stock.

Nerdy Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Nerdy (NYSE:NRDY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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