Nerdy, Inc. (NYSE:NRDY) Insider Christopher C. Swenson Sells 25,000 Shares

Nerdy, Inc. (NYSE:NRDY - Get Free Report) insider Christopher C. Swenson sold 25,000 shares of Nerdy stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $1.49, for a total value of $37,250.00. Following the completion of the sale, the insider now directly owns 1,743,248 shares in the company, valued at approximately $2,597,439.52. The trade was a 1.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nerdy Price Performance

Shares of NRDY stock traded up $0.17 during mid-day trading on Monday, hitting $1.91. The stock had a trading volume of 8,073,849 shares, compared to its average volume of 1,783,650. Nerdy, Inc. has a 12-month low of $0.73 and a 12-month high of $3.60. The firm has a market capitalization of $344.53 million, a P/E ratio of -5.62 and a beta of 2.00. The firm's 50-day moving average is $1.16 and its two-hundred day moving average is $1.29.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NRDY. Northland Securities cut their target price on Nerdy from $3.00 to $2.00 and set a "market perform" rating on the stock in a research report on Friday, November 8th. Cantor Fitzgerald reissued a "neutral" rating and set a $1.00 target price (down previously from $6.00) on shares of Nerdy in a research report on Friday, November 8th. Needham & Company LLC reissued a "buy" rating and set a $2.00 target price on shares of Nerdy in a research report on Friday, November 8th. JPMorgan Chase & Co. downgraded Nerdy from a "neutral" rating to an "underweight" rating in a research report on Monday, November 11th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Nerdy in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $2.86.

Institutional Investors Weigh In On Nerdy

Hedge funds have recently made changes to their positions in the company. nVerses Capital LLC purchased a new stake in shares of Nerdy during the 2nd quarter worth $34,000. SG Americas Securities LLC purchased a new stake in shares of Nerdy during the 3rd quarter worth $29,000. AM Investment Strategies LLC purchased a new stake in shares of Nerdy during the 3rd quarter worth $29,000. Rhumbline Advisers lifted its stake in shares of Nerdy by 11.6% during the 2nd quarter. Rhumbline Advisers now owns 84,739 shares of the company's stock worth $142,000 after purchasing an additional 8,834 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Nerdy by 330.4% during the 3rd quarter. Barclays PLC now owns 103,960 shares of the company's stock worth $102,000 after purchasing an additional 79,808 shares during the last quarter. 39.10% of the stock is currently owned by hedge funds and other institutional investors.

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.

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