Nerdy, Inc. (NYSE:NRDY) CFO Sells $113,250.00 in Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 75,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $1.51, for a total transaction of $113,250.00. Following the completion of the transaction, the chief financial officer now owns 2,068,805 shares of the company’s stock, valued at $3,123,895.55. This trade represents a 3.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nerdy Stock Performance

Nerdy stock opened at $1.56 on Monday. The company has a 50 day moving average price of $1.72 and a 200 day moving average price of $1.38. Nerdy, Inc. has a 52 week low of $0.73 and a 52 week high of $3.28. The firm has a market capitalization of $283.71 million, a price-to-earnings ratio of -4.57 and a beta of 2.00.

Hedge Funds Weigh In On Nerdy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NRDY. Nuveen Asset Management LLC boosted its stake in Nerdy by 99.5% in the 4th quarter. Nuveen Asset Management LLC now owns 410,523 shares of the company’s stock worth $665,000 after purchasing an additional 204,760 shares during the period. Soviero Asset Management LP acquired a new position in Nerdy in the 4th quarter worth approximately $243,000. Geode Capital Management LLC boosted its stake in Nerdy by 9.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,718,647 shares of the company’s stock worth $1,690,000 after purchasing an additional 145,575 shares during the period. Citizens Financial Group Inc. RI acquired a new position in Nerdy in the 3rd quarter worth approximately $138,000. Finally, Sargent Investment Group LLC acquired a new position in Nerdy in the 4th quarter worth approximately $153,000. Institutional investors and hedge funds own 39.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised their target price on shares of Nerdy from $1.00 to $1.50 and gave the stock a “neutral” rating in a report on Monday, March 3rd. One research 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’s stock. According to data from MarketBeat.com, Nerdy has an average rating of “Hold” and an average target price of $2.31.

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.