Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello Sells 75,000 Shares of Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $1.51, for a total value of $113,250.00. Following the sale, the chief financial officer now owns 2,068,805 shares in the company, valued at approximately $3,123,895.55. This represents a 3.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Nerdy Trading Up 5.1 %

NYSE NRDY opened at $1.56 on Friday. The stock has a 50-day simple moving average of $1.72 and a 200 day simple moving average of $1.38. The company has a market capitalization of $283.71 million, a PE ratio of -4.57 and a beta of 2.00. Nerdy, Inc. has a 12 month low of $0.73 and a 12 month high of $3.28.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group boosted their price objective on Nerdy from $1.00 to $1.50 and gave the company a “neutral” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Nerdy has a consensus rating of “Hold” and an average price target of $2.31.

Institutional Investors Weigh In On Nerdy

Several large investors have recently modified their holdings of NRDY. Covestor Ltd bought a new stake in shares of Nerdy in the fourth quarter worth about $26,000. ProShare Advisors LLC increased its holdings in shares of Nerdy by 55.2% in the fourth quarter. ProShare Advisors LLC now owns 21,350 shares of the company’s stock worth $35,000 after acquiring an additional 7,594 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of Nerdy by 59.1% in the fourth quarter. Virtu Financial LLC now owns 23,294 shares of the company’s stock worth $38,000 after acquiring an additional 8,655 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Nerdy in the fourth quarter worth about $40,000. Finally, Quantbot Technologies LP grew its holdings in shares of 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 in the last quarter. 39.10% of the stock is currently owned by 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.