WINTON GROUP Ltd Invests $40,000 in Nerdy, Inc. (NYSE:NRDY)

WINTON GROUP Ltd purchased a new stake in shares of Nerdy, Inc. (NYSE:NRDY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,811 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors have also added to or reduced their stakes in NRDY. Virtu Financial LLC raised its position in shares of 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 in the last quarter. Quantbot Technologies LP increased 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 acquiring an additional 28,350 shares during the last quarter. Moloney Securities Asset Management LLC increased its stake in Nerdy by 53.4% during the fourth quarter. Moloney Securities Asset Management LLC now owns 28,725 shares of the company’s stock worth $47,000 after acquiring an additional 10,000 shares during the last quarter. Barclays PLC lifted its stake in shares of Nerdy by 330.4% in the 3rd quarter. Barclays PLC now owns 103,960 shares of the company’s stock valued at $102,000 after purchasing an additional 79,808 shares during the last quarter. Finally, Sargent Investment Group LLC bought a new stake in shares of Nerdy in the 4th quarter valued at approximately $153,000. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Nerdy Stock Down 2.4 %

NRDY stock opened at $1.43 on Tuesday. Nerdy, Inc. has a twelve month low of $0.73 and a twelve month high of $3.03. The firm has a market cap of $259.99 million, a price-to-earnings ratio of -4.19 and a beta of 2.00. The business’s fifty day simple moving average is $1.69 and its two-hundred day simple moving average is $1.43.

Insider Buying and Selling

In related news, insider Christopher C. Swenson sold 19,126 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $1.54, for a total value of $29,454.04. Following the completion of the sale, the insider now directly owns 1,665,902 shares of the company’s stock, valued at $2,565,489.08. This represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason H. Pello sold 31,877 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $1.54, for a total transaction of $49,090.58. Following the transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders have sold 265,604 shares of company stock valued at $443,076 in the last 90 days. Company insiders own 50.94% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group increased their price target on Nerdy from $1.00 to $1.50 and gave the company a “neutral” rating in a report on Monday, March 3rd. One 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 stock has a consensus rating of “Hold” and an average target price of $2.31.

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.