Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello Sells 81,381 Shares of Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 81,381 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $1.80, for a total value of $146,485.80. Following the completion of the sale, the chief financial officer now owns 2,143,805 shares of the company’s stock, valued at $3,858,849. This represents a 3.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Nerdy Stock Down 5.3 %

NRDY stock opened at $1.71 on Friday. The business has a 50-day moving average of $1.76 and a 200-day moving average of $1.33. Nerdy, Inc. has a fifty-two week low of $0.73 and a fifty-two week high of $3.28.

Analysts Set New Price Targets

NRDY has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $2.00 price objective on shares of Nerdy in a report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of Nerdy in a report on Friday, November 8th. Northland Securities dropped their price objective on Nerdy from $3.00 to $2.00 and set a “market perform” rating for the company in a report on Friday, November 8th. Cantor Fitzgerald reissued a “neutral” rating and issued a $1.00 target price (down from $6.00) on shares of Nerdy in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. cut Nerdy from a “neutral” rating to an “underweight” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $2.86.

Institutional Trading of Nerdy

Institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd bought a new stake in Nerdy in the fourth quarter valued at approximately $26,000. ProShare Advisors LLC raised its stake in Nerdy by 55.2% in the fourth quarter. ProShare Advisors LLC now owns 21,350 shares of the company’s stock valued at $35,000 after buying an additional 7,594 shares during the period. Virtu Financial LLC raised its stake in Nerdy by 59.1% in the fourth quarter. Virtu Financial LLC now owns 23,294 shares of the company’s stock valued at $38,000 after buying an additional 8,655 shares during the period. WINTON GROUP Ltd bought a new position in shares of Nerdy during the fourth quarter worth approximately $40,000. Finally, Quantbot Technologies LP increased its stake in shares of Nerdy by 14,175.0% during the fourth quarter. Quantbot Technologies LP now owns 28,550 shares of the company’s stock worth $46,000 after purchasing an additional 28,350 shares during the period. Institutional investors own 39.10% of the company’s stock.

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.