Nerdy, Inc. (NYSE:NRDY) Receives $2.31 Average PT from Brokerages

Shares of Nerdy, Inc. (NYSE:NRDY - Get Free Report) have been given an average rating of "Hold" by the eleven research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $2.31.

Separately, The Goldman Sachs Group upped their price target on shares of Nerdy from $1.00 to $1.50 and gave the stock a "neutral" rating in a report on Monday, March 3rd.

Nerdy Stock Performance

Nerdy stock traded down $0.03 during midday trading on Friday, reaching $1.40. 148,391 shares of the stock were exchanged, compared to its average volume of 1,769,090. Nerdy has a 52 week low of $0.73 and a 52 week high of $3.03. The firm has a market cap of $254.51 million, a PE ratio of -4.12 and a beta of 2.00. The company's fifty day moving average is $1.69 and its 200-day moving average is $1.43.

Insider Activity at Nerdy

In related news, CFO Jason H. Pello sold 81,381 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were 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 directly owns 2,143,805 shares in the company, valued at $3,858,849. This represents a 3.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Christopher C. Swenson sold 58,220 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $1.80, for a total transaction of $104,796.00. Following the transaction, the insider now directly owns 1,685,028 shares of the company's stock, valued at approximately $3,033,050.40. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 265,604 shares of company stock valued at $443,076 over the last 90 days. 50.94% of the stock is owned by insiders.

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Institutional Investors Weigh In On Nerdy

Several institutional investors and hedge funds have recently bought and sold shares of NRDY. Barclays PLC raised its stake in Nerdy by 330.4% in the third quarter. Barclays PLC now owns 103,960 shares of the company's stock worth $102,000 after buying an additional 79,808 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Nerdy by 9.3% in the third quarter. Geode Capital Management LLC now owns 1,718,647 shares of the company's stock worth $1,690,000 after acquiring an additional 145,575 shares in the last quarter. State Street Corp grew its position in Nerdy by 0.9% during the 3rd 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 last quarter. Citizens Financial Group Inc. RI grew its holdings in shares of Nerdy by 10.7% during the fourth quarter. Citizens Financial Group Inc. RI now owns 155,000 shares of the company's stock valued at $251,000 after buying an additional 15,000 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Nerdy by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 4,100,644 shares of the company's stock valued at $4,224,000 after purchasing an additional 79,624 shares during the last quarter. Hedge funds and other institutional investors own 39.10% of the company's stock.

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.