Nerdy, Inc. (NYSE:NRDY) CFO Sells $146,485.80 in Stock

Nerdy, Inc. (NYSE:NRDY - Get Free Report) CFO Jason H. Pello sold 81,381 shares of Nerdy stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $1.80, for a total transaction of $146,485.80. Following the completion of the sale, the chief financial officer now owns 2,143,805 shares of the company's stock, valued at approximately $3,858,849. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Nerdy Stock Performance

Shares of NRDY traded down $0.10 during midday trading on Thursday, hitting $1.71. 1,392,010 shares of the stock traded hands, compared to its average volume of 1,246,978. Nerdy, Inc. has a 1-year low of $0.73 and a 1-year high of $3.28. The firm has a market capitalization of $307.55 million, a PE ratio of -5.01 and a beta of 1.98. The business's 50 day moving average price is $1.76 and its two-hundred day moving average price is $1.32.

Hedge Funds Weigh In On Nerdy

Hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd acquired a new position in shares of Nerdy during the fourth quarter valued at $26,000. AM Investment Strategies LLC bought a new stake in shares of Nerdy during the third quarter valued at about $29,000. SG Americas Securities LLC bought a new stake in shares of Nerdy during the third quarter valued at about $29,000. ProShare Advisors LLC raised its stake in shares of Nerdy by 55.2% during the fourth 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 in the last quarter. Finally, Virtu Financial LLC raised its stake in shares of Nerdy by 59.1% during the fourth quarter. Virtu Financial LLC now owns 23,294 shares of the company's stock valued at $38,000 after purchasing an additional 8,655 shares in the last quarter. Institutional investors and hedge funds own 39.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NRDY. Northland Securities dropped their price target on shares of Nerdy from $3.00 to $2.00 and set a "market perform" rating for the company in a research note on Friday, November 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $2.00 price objective on shares of Nerdy in a report on Friday, November 8th. JPMorgan Chase & Co. downgraded shares of Nerdy from a "neutral" rating to an "underweight" rating in a report on Monday, November 11th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $1.00 price objective (down previously from $6.00) on shares of Nerdy in a report on Friday, November 8th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Nerdy in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $2.86.

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.

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.