Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello Sells 70,490 Shares

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 70,490 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $1.06, for a total transaction of $74,719.40. Following the completion of the transaction, the chief financial officer now owns 2,255,428 shares in the company, valued at $2,390,753.68. The trade was a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Nerdy Trading Up 5.2 %

Shares of NRDY opened at $1.32 on Friday. The business’s 50 day moving average is $0.99 and its 200 day moving average is $1.37. Nerdy, Inc. has a 12-month low of $0.73 and a 12-month high of $3.60. The company has a market capitalization of $237.20 million, a PE ratio of -3.87 and a beta of 1.68.

Institutional Investors Weigh In On Nerdy

A number of institutional investors have recently added to or reduced their stakes in the stock. Greenvale Capital LLP boosted its position in shares of Nerdy by 6.0% during the second quarter. Greenvale Capital LLP now owns 9,000,000 shares of the company’s stock worth $15,030,000 after acquiring an additional 509,004 shares during the last quarter. Vanguard Group Inc. lifted its stake in Nerdy by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 3,101,444 shares of the company’s stock worth $9,025,000 after purchasing an additional 88,771 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Nerdy by 12.9% during the 2nd quarter. Marshall Wace LLP now owns 1,960,393 shares of the company’s stock valued at $3,274,000 after purchasing an additional 224,049 shares during the last quarter. Millennium Management LLC grew its position in shares of Nerdy by 382.0% during the second quarter. Millennium Management LLC now owns 1,876,105 shares of the company’s stock valued at $3,133,000 after purchasing an additional 1,486,910 shares in the last quarter. Finally, Clearline Capital LP increased its holdings in shares of Nerdy by 34.3% in the second quarter. Clearline Capital LP now owns 1,846,737 shares of the company’s stock worth $3,084,000 after purchasing an additional 471,603 shares during the last quarter. 39.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on NRDY. Canaccord Genuity Group restated a “hold” rating and issued a $3.00 price objective (down from $5.00) on shares of Nerdy in a research note on Friday, August 9th. Northland Capmk cut Nerdy from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Raymond James downgraded Nerdy from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Barclays cut their price objective on Nerdy from $4.00 to $3.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Finally, JMP Securities restated a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Nerdy currently has a consensus rating of “Hold” and an average 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.