Nerdy (NYSE:NRDY) Insider Sells $31,661.77 in Stock

Nerdy Inc. (NYSE:NRDY) insider Christopher Swenson sold 32,641 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $0.97, for a total value of $31,661.77. Following the completion of the transaction, the insider directly owned 2,022,742 shares in the company, valued at $1,962,059.74. This represents a 1.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Nerdy Trading Down 1.3%

Shares of NYSE NRDY traded down $0.01 during mid-day trading on Wednesday, reaching $0.96. The company had a trading volume of 379,977 shares, compared to its average volume of 728,756. The company has a 50-day moving average price of $1.08 and a two-hundred day moving average price of $1.16. The stock has a market cap of $179.27 million, a PE ratio of -2.73 and a beta of 1.80. Nerdy Inc. has a 1-year low of $0.77 and a 1-year high of $1.90.

Institutional Investors Weigh In On Nerdy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NRDY. Symmetry Peak Management LLC acquired a new position in Nerdy during the fourth quarter worth $26,000. Engineers Gate Manager LP acquired a new stake in shares of Nerdy in the fourth quarter worth about $28,000. AQR Capital Management LLC boosted its stake in shares of Nerdy by 67.9% during the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock worth $53,000 after acquiring an additional 15,234 shares in the last quarter. Strs Ohio acquired a new position in shares of Nerdy during the 1st quarter valued at about $56,000. Finally, Abel Hall LLC bought a new position in shares of Nerdy in the 4th quarter valued at approximately $67,000. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Wall Street Analyst Weigh In

NRDY has been the topic of several analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Nerdy in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Nerdy from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Finally, Cantor Fitzgerald cut their target price on shares of Nerdy from $1.50 to $1.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Nerdy has an average rating of “Reduce” and a consensus target price of $1.25.

Nerdy Company Profile

Nerdy, Inc (NYSE:NRDY) is an American education technology company that operates a live online learning marketplace. Through its flagship Varsity Tutors platform, the company connects students, professionals and lifelong learners with a network of thousands of educators for personalized one-on-one tutoring, group classes and test preparation. The platform leverages proprietary matching algorithms to pair learners with instructors based on subject expertise, learning style and scheduling preferences.

Founded in 2007 by entrepreneur Chuck Cohn, Nerdy began as Varsity Tutors in Washington, DC, before establishing its headquarters in St.