Insider Selling: Nerdy, Inc. (NYSE:NRDY) Insider Sells 19,126 Shares of Stock

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 19,126 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 $29,454.04. Following the completion of the sale, the insider now owns 1,665,902 shares of the company’s stock, valued at $2,565,489.08. This trade represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Nerdy Price Performance

Shares of NRDY traded up $0.13 during trading hours on Wednesday, hitting $1.61. The company’s stock had a trading volume of 1,547,633 shares, compared to its average volume of 1,785,167. The business has a 50 day simple moving average of $1.71 and a two-hundred day simple moving average of $1.39. Nerdy, Inc. has a 52-week low of $0.73 and a 52-week high of $3.28. The company has a market cap of $292.83 million, a price-to-earnings ratio of -4.72 and a beta of 2.00.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their target price on shares of Nerdy from $1.00 to $1.50 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2.31.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Covestor Ltd bought a new stake in Nerdy during the fourth quarter valued at approximately $26,000. ProShare Advisors LLC raised its position in Nerdy by 55.2% during the fourth quarter. ProShare Advisors LLC now owns 21,350 shares of the company’s stock valued at $35,000 after purchasing an additional 7,594 shares in the last quarter. Virtu Financial LLC lifted its stake in Nerdy by 59.1% during the fourth quarter. Virtu Financial LLC now owns 23,294 shares of the company’s stock worth $38,000 after purchasing an additional 8,655 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Nerdy in the 4th quarter worth about $40,000. Finally, Quantbot Technologies LP grew its position in Nerdy by 14,175.0% during the fourth quarter. Quantbot Technologies LP now owns 28,550 shares of the company’s stock valued at $46,000 after acquiring an additional 28,350 shares during the last quarter. 39.10% of the stock is currently owned by hedge funds and other 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.