Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello Sells 31,877 Shares of Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 31,877 shares of Nerdy stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $1.54, for a total value of $49,090.58. Following the completion of the transaction, the chief financial officer now directly owns 2,036,928 shares in the company, valued at $3,136,869.12. This represents a 1.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Nerdy Stock Up 8.4 %

Shares of NRDY opened at $1.61 on Thursday. Nerdy, Inc. has a 12 month low of $0.73 and a 12 month high of $3.28. The company’s fifty day moving average is $1.71 and its 200-day moving average is $1.39. The firm has a market cap of $292.83 million, a price-to-earnings ratio of -4.72 and a beta of 2.00.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised their target price on Nerdy from $1.00 to $1.50 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Nerdy has an average rating of “Hold” and a consensus price target of $2.31.

Hedge Funds Weigh In On Nerdy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NRDY. Covestor Ltd acquired a new position in Nerdy in the 4th quarter valued at $26,000. ProShare Advisors LLC increased its stake in shares of Nerdy by 55.2% in the fourth quarter. ProShare Advisors LLC now owns 21,350 shares of the company’s stock worth $35,000 after purchasing an additional 7,594 shares during the period. Virtu Financial LLC lifted its position in shares of Nerdy by 59.1% during the 4th quarter. Virtu Financial LLC now owns 23,294 shares of the company’s stock worth $38,000 after purchasing an additional 8,655 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Nerdy during the 4th quarter valued at approximately $40,000. Finally, Quantbot Technologies LP grew its holdings in Nerdy by 14,175.0% in the 4th quarter. Quantbot Technologies LP now owns 28,550 shares of the company’s stock valued at $46,000 after buying an additional 28,350 shares during the last quarter. Institutional investors and hedge funds 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.