Christopher C. Swenson Sells 25,000 Shares of Nerdy, Inc. (NYSE:NRDY) Stock

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 25,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $1.49, for a total transaction of $37,250.00. Following the sale, the insider now owns 1,743,248 shares of the company’s stock, valued at approximately $2,597,439.52. The trade was a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Nerdy Price Performance

Shares of NYSE NRDY opened at $1.84 on Wednesday. Nerdy, Inc. has a 1 year low of $0.73 and a 1 year high of $3.60. The stock has a market capitalization of $331.90 million, a P/E ratio of -5.41 and a beta of 2.00. The company’s 50-day moving average is $1.19 and its 200 day moving average is $1.30.

Analysts Set New Price Targets

NRDY has been the topic of several recent research reports. Northland Securities reduced their price target on Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a research report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Nerdy in a report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and set a $2.00 price target on shares of Nerdy in a report on Friday, November 8th. JPMorgan Chase & Co. lowered shares of Nerdy from a “neutral” rating to an “underweight” rating in a report on Monday, November 11th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $1.00 price objective (down previously from $6.00) 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nerdy currently has an average rating of “Hold” and an average target price of $2.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in shares of Nerdy in the 2nd quarter valued at approximately $34,000. SG Americas Securities LLC bought a new position in Nerdy in the third quarter worth $29,000. AM Investment Strategies LLC bought a new position in Nerdy in the third quarter worth $29,000. Rhumbline Advisers lifted its position in Nerdy by 11.6% during the second quarter. Rhumbline Advisers now owns 84,739 shares of the company’s stock valued at $142,000 after buying an additional 8,834 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Nerdy by 330.4% during the 3rd quarter. Barclays PLC now owns 103,960 shares of the company’s stock valued at $102,000 after buying an additional 79,808 shares in the last quarter. 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.