Nerdy, Inc. (NYSE:NRDY) Insider Christopher C. Swenson Sells 35,000 Shares

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 35,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $1.24, for a total value of $43,400.00. Following the completion of the transaction, the insider now owns 1,768,248 shares of the company’s stock, valued at $2,192,627.52. The trade was a 1.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Nerdy Stock Performance

Shares of NRDY stock opened at $1.41 on Friday. The stock’s fifty day moving average is $0.99 and its 200-day moving average is $1.36. Nerdy, Inc. has a 52 week low of $0.73 and a 52 week high of $3.60.

Hedge Funds Weigh In On Nerdy

Several hedge funds have recently added to or reduced their stakes in NRDY. Vanguard Group Inc. boosted its holdings in Nerdy by 2.9% in the first quarter. Vanguard Group Inc. now owns 3,101,444 shares of the company’s stock valued at $9,025,000 after acquiring an additional 88,771 shares during the last quarter. Bayesian Capital Management LP bought a new position in Nerdy in the first quarter valued at about $101,000. Bank of New York Mellon Corp boosted its holdings in Nerdy by 28.5% in the second quarter. Bank of New York Mellon Corp now owns 261,917 shares of the company’s stock valued at $437,000 after acquiring an additional 58,152 shares during the last quarter. nVerses Capital LLC bought a new position in Nerdy in the second quarter valued at about $34,000. Finally, ACR Alpine Capital Research LLC boosted its holdings in Nerdy by 4.1% in the second quarter. ACR Alpine Capital Research LLC now owns 991,332 shares of the company’s stock valued at $1,656,000 after acquiring an additional 39,270 shares during the last quarter. Institutional investors own 39.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NRDY shares. Northland Securities cut 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. Northland Capmk cut Nerdy from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Raymond James cut Nerdy from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. JMP Securities reiterated a “market perform” rating on shares of Nerdy in a research report on Friday, November 8th. Finally, Canaccord Genuity Group cut Nerdy from a “buy” rating to a “hold” rating and lowered their price target for the company from $5.00 to $3.00 in a research report on Friday, August 9th. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.