Nerdy, Inc. (NYSE:NRDY) Insider Christopher C. Swenson Sells 58,220 Shares of Stock

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 58,220 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $1.80, for a total value of $104,796.00. Following the completion of the transaction, the insider now owns 1,685,028 shares of the company’s stock, valued at $3,033,050.40. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Nerdy Trading Down 5.3 %

NYSE:NRDY opened at $1.71 on Friday. The firm has a 50-day moving average price of $1.76 and a two-hundred day moving average price of $1.33. Nerdy, Inc. has a 52 week low of $0.73 and a 52 week high of $3.28.

Analyst Ratings Changes

NRDY has been the subject of a number of analyst reports. Northland Securities decreased their target price on shares of Nerdy from $3.00 to $2.00 and set a “market perform” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. cut shares of Nerdy from a “neutral” rating to an “underweight” rating in a report on Monday, November 11th. JMP Securities restated a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $1.00 price objective (down from $6.00) on shares of Nerdy in a report on Friday, November 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $2.00 price target on shares of Nerdy in a research report 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 given a buy rating to the company’s stock. According to MarketBeat.com, Nerdy has an average rating of “Hold” and a consensus target price of $2.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NRDY. Covestor Ltd purchased a new stake in Nerdy during the fourth quarter valued at about $26,000. AM Investment Strategies LLC purchased a new stake in shares of Nerdy during the third quarter worth $29,000. SG Americas Securities LLC bought a new stake in shares of Nerdy during the 3rd quarter valued at $29,000. ProShare Advisors LLC boosted its stake in 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. Finally, Virtu Financial LLC lifted 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 buying an additional 8,655 shares in the last quarter. 39.10% of the stock is owned by institutional investors.

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.