Nerdy, Inc. (NYSE:NRDY - Get Free Report) insider Christopher C. Swenson sold 19,126 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $1.54, for a total value of $29,454.04. Following the transaction, the insider now directly owns 1,665,902 shares in the company, valued at $2,565,489.08. This trade represents a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Nerdy Stock Up 1.0 %
Shares of NRDY traded up $0.02 during trading hours on Friday, hitting $1.59. The company had a trading volume of 764,189 shares, compared to its average volume of 1,768,748. The firm has a market cap of $289.18 million, a price-to-earnings ratio of -4.66 and a beta of 2.00. The business has a fifty day moving average of $1.70 and a 200-day moving average of $1.40. Nerdy, Inc. has a 12 month low of $0.73 and a 12 month high of $3.08.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Covestor Ltd acquired a new position in shares of Nerdy in the fourth quarter valued at approximately $26,000. ProShare Advisors LLC grew its holdings in Nerdy by 55.2% in the 4th quarter. ProShare Advisors LLC now owns 21,350 shares of the company's stock valued at $35,000 after buying an additional 7,594 shares in the last quarter. Virtu Financial LLC increased its position in Nerdy by 59.1% during the 4th quarter. Virtu Financial LLC now owns 23,294 shares of the company's stock worth $38,000 after buying an additional 8,655 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Nerdy during the fourth quarter worth $40,000. Finally, Quantbot Technologies LP boosted its position in shares of Nerdy by 14,175.0% in the fourth quarter. Quantbot Technologies LP now owns 28,550 shares of the company's stock valued at $46,000 after acquiring an additional 28,350 shares during the period. 39.10% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, The Goldman Sachs Group increased their price target on shares of Nerdy from $1.00 to $1.50 and gave the company a "neutral" rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Nerdy currently has an average rating of "Hold" and a consensus price target of $2.31.
Check Out Our Latest Analysis on NRDY
About Nerdy
(
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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.
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