Nerdy, Inc. (NYSE:NRDY) Insider Sells $43,400.00 in Stock

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 35,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $1.24, for a total value of $43,400.00. Following the completion of the transaction, the insider now directly owns 1,768,248 shares in the company, valued at $2,192,627.52. The trade was a 1.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Nerdy Stock Up 6.4 %

Shares of NYSE NRDY opened at $1.41 on Friday. The business has a fifty day moving average price of $0.99 and a two-hundred day moving average price of $1.36. Nerdy, Inc. has a fifty-two week low of $0.73 and a fifty-two week high of $3.60.

Hedge Funds Weigh In On Nerdy

A number of institutional investors have recently modified their holdings of the business. Greenvale Capital LLP raised its holdings in shares of Nerdy by 6.0% during the 2nd quarter. Greenvale Capital LLP now owns 9,000,000 shares of the company’s stock worth $15,030,000 after buying an additional 509,004 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Nerdy by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 3,101,444 shares of the company’s stock worth $9,025,000 after buying an additional 88,771 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Nerdy by 12.9% during the 2nd quarter. Marshall Wace LLP now owns 1,960,393 shares of the company’s stock worth $3,274,000 after buying an additional 224,049 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Nerdy by 382.0% during the 2nd quarter. Millennium Management LLC now owns 1,876,105 shares of the company’s stock worth $3,133,000 after buying an additional 1,486,910 shares in the last quarter. Finally, Clearline Capital LP raised its holdings in shares of Nerdy by 34.3% during the 2nd quarter. Clearline Capital LP now owns 1,846,737 shares of the company’s stock worth $3,084,000 after buying an additional 471,603 shares in the last quarter. Institutional investors and hedge funds own 39.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Nerdy in a research report on Friday, November 8th. Barclays dropped their price target on Nerdy from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Cantor Fitzgerald reiterated a “neutral” rating and set a $1.00 price objective (down from $6.00) on shares of Nerdy in a report on Friday, November 8th. Raymond James downgraded Nerdy from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $2.00 price target on shares of Nerdy in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $2.86.

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.