Nerdy, Inc. (NYSE:NRDY) CFO Sells $55,645.28 in Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 30,242 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $1.84, for a total transaction of $55,645.28. Following the sale, the chief financial officer now directly owns 2,225,186 shares of the company’s stock, valued at $4,094,342.24. The trade was a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nerdy Price Performance

Nerdy stock opened at $1.71 on Friday. The firm’s 50 day moving average price is $1.23 and its 200-day moving average price is $1.30. Nerdy, Inc. has a 1 year low of $0.73 and a 1 year high of $3.60. The stock has a market cap of $308.45 million, a P/E ratio of -5.03 and a beta of 2.00.

Hedge Funds Weigh In On Nerdy

Several hedge funds have recently bought and sold shares of NRDY. Greenvale Capital LLP raised its holdings in shares of Nerdy by 6.0% in the 2nd quarter. Greenvale Capital LLP now owns 9,000,000 shares of the company’s stock valued at $15,030,000 after purchasing an additional 509,004 shares in the last quarter. Franklin Resources Inc. increased its holdings in Nerdy by 2.0% during the third quarter. Franklin Resources Inc. now owns 4,100,644 shares of the company’s stock valued at $4,224,000 after buying an additional 79,624 shares during the period. Marshall Wace LLP raised its stake in Nerdy by 12.9% in the second quarter. Marshall Wace LLP now owns 1,960,393 shares of the company’s stock worth $3,274,000 after buying an additional 224,049 shares in the last quarter. Millennium Management LLC lifted its holdings in Nerdy by 382.0% during the second quarter. Millennium Management LLC now owns 1,876,105 shares of the company’s stock worth $3,133,000 after buying an additional 1,486,910 shares during the period. Finally, Clearline Capital LP boosted its position in Nerdy by 34.3% during the 2nd quarter. Clearline Capital LP now owns 1,846,737 shares of the company’s stock valued at $3,084,000 after acquiring an additional 471,603 shares in the last quarter. Institutional investors own 39.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of 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. JMP Securities reaffirmed a “market perform” rating on shares of Nerdy in a research 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 research report on Friday, November 8th. JPMorgan Chase & Co. downgraded shares of Nerdy from a “neutral” rating to an “underweight” rating in a research note on Monday, November 11th. Finally, Northland Securities reduced their target price on Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Nerdy currently has an average rating of “Hold” and a consensus price target of $2.86.

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.