Nerdy, Inc. (NYSE:NRDY) Given Consensus Rating of “Hold” by Analysts

Shares of Nerdy, Inc. (NYSE:NRDY) have received an average rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $2.31.

Separately, The Goldman Sachs Group lifted their target price on shares of Nerdy from $1.00 to $1.50 and gave the company a “neutral” rating in a report on Monday, March 3rd.

Nerdy Price Performance

Shares of Nerdy stock opened at $1.53 on Friday. Nerdy has a 1 year low of $0.73 and a 1 year high of $3.03. The company has a 50-day moving average of $1.70 and a 200 day moving average of $1.41. The firm has a market cap of $278.23 million, a price-to-earnings ratio of -4.49 and a beta of 2.00.

Insider Transactions at Nerdy

In other news, CFO Jason H. Pello sold 75,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $1.51, for a total transaction of $113,250.00. Following the transaction, the chief financial officer now directly owns 2,068,805 shares of the company’s stock, valued at $3,123,895.55. This represents a 3.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher C. Swenson sold 19,126 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 $29,454.04. Following the completion of the sale, the insider now owns 1,665,902 shares of the company’s stock, valued at $2,565,489.08. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 265,604 shares of company stock worth $443,076. Corporate insiders own 50.94% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Soviero Asset Management LP bought a new stake in Nerdy in the 4th quarter worth approximately $243,000. ProShare Advisors LLC grew its holdings 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 acquiring an additional 7,594 shares during the period. Nuveen Asset Management LLC increased its position in Nerdy by 99.5% during the fourth quarter. Nuveen Asset Management LLC now owns 410,523 shares of the company’s stock valued at $665,000 after acquiring an additional 204,760 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Nerdy in the fourth quarter valued at about $150,000. Finally, Bank of America Corp DE boosted its position in Nerdy by 41.9% in the fourth quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock worth $98,000 after purchasing an additional 17,889 shares during the last quarter. 39.10% of the stock is owned by hedge funds and other institutional investors.

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.