Insider Selling: Nerdy, Inc. (NYSE:NRDY) Insider Sells $37,250.00 in Stock

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 25,000 shares of Nerdy stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $1.49, for a total value of $37,250.00. Following the transaction, the insider now owns 1,743,248 shares in the company, valued at $2,597,439.52. This trade represents a 1.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Nerdy Price Performance

Shares of Nerdy stock opened at $1.71 on Thursday. The firm has a market capitalization of $308.45 million, a price-to-earnings ratio of -5.03 and a beta of 2.00. The business has a 50-day simple moving average of $1.21 and a 200 day simple moving average of $1.30. Nerdy, Inc. has a one year low of $0.73 and a one year high of $3.60.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NRDY. Cantor Fitzgerald restated a “neutral” rating and set a $1.00 target price (down previously from $6.00) on shares of Nerdy in a report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and set a $2.00 target price on shares of Nerdy in a report on Friday, November 8th. Northland Securities reduced their target price on Nerdy from $3.00 to $2.00 and set a “market perform” rating for the company in a research note on Friday, November 8th. JPMorgan Chase & Co. cut Nerdy from a “neutral” rating to an “underweight” rating in a report on Monday, November 11th. Finally, JMP Securities restated a “market perform” rating 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. According to MarketBeat.com, Nerdy currently has a consensus rating of “Hold” and a consensus price target of $2.86.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Rhumbline Advisers boosted its stake in Nerdy by 11.6% in the second quarter. Rhumbline Advisers now owns 84,739 shares of the company’s stock valued at $142,000 after acquiring an additional 8,834 shares during the last quarter. State Street Corp increased its position in Nerdy by 0.9% during the 3rd quarter. State Street Corp now owns 1,253,663 shares of the company’s stock valued at $1,232,000 after purchasing an additional 11,721 shares during the period. nVerses Capital LLC purchased a new stake in Nerdy in the second quarter worth $34,000. SG Americas Securities LLC purchased a new position in shares of Nerdy during the third quarter valued at approximately $29,000. Finally, AM Investment Strategies LLC purchased a new position in shares of Nerdy in the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 39.10% of the company’s stock.

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.