Analysts Set Nerdy, Inc. (NYSE:NRDY) PT at $2.31

Shares of Nerdy, Inc. (NYSE:NRDY - Get Free Report) have earned an average recommendation of "Hold" from the eleven research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $2.31.

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

Insiders Place Their Bets

In other Nerdy news, CFO Jason H. Pello sold 31,877 shares of the firm'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 transaction of $49,090.58. Following the completion of the transaction, the chief financial officer now owns 2,036,928 shares in the company, valued at $3,136,869.12. This trade represents a 1.54 % 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 that occurred on Tuesday, February 18th. The stock was sold at an average price of $1.80, for a total value of $104,796.00. Following the sale, the insider now directly owns 1,685,028 shares in the company, valued at $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 sold a total of 265,604 shares of company stock worth $443,076 over the last three months. 50.94% of the stock is currently owned by company insiders.

Institutional Trading of Nerdy

A number of large investors have recently made changes to their positions in NRDY. Covestor Ltd purchased a new position in Nerdy in the fourth quarter worth about $26,000. ProShare Advisors LLC boosted its holdings in shares of Nerdy by 55.2% in the 4th quarter. ProShare Advisors LLC now owns 21,350 shares of the company's stock worth $35,000 after purchasing an additional 7,594 shares during the period. Virtu Financial LLC raised its holdings in Nerdy by 59.1% during the 4th quarter. Virtu Financial LLC now owns 23,294 shares of the company's stock valued at $38,000 after buying an additional 8,655 shares during the period. WINTON GROUP Ltd bought a new stake in Nerdy in the fourth quarter worth $40,000. Finally, Quantbot Technologies LP boosted its stake in Nerdy by 14,175.0% during the fourth quarter. Quantbot Technologies LP now owns 28,550 shares of the company's stock worth $46,000 after buying an additional 28,350 shares during the period. 39.10% of the stock is currently owned by institutional investors.

Nerdy Price Performance

Shares of NYSE:NRDY traded up $0.01 during trading on Friday, hitting $1.43. The company's stock had a trading volume of 779,348 shares, compared to its average volume of 1,775,072. The company has a 50-day moving average of $1.69 and a 200-day moving average of $1.43. The firm has a market cap of $259.99 million, a price-to-earnings ratio of -4.19 and a beta of 2.00. Nerdy has a 12 month low of $0.73 and a 12 month high of $2.95.

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.