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

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

Nerdy Stock Down 3.2 %

Shares of NRDY opened at $1.66 on Friday. The firm has a market capitalization of $298.53 million, a PE ratio of -4.87 and a beta of 1.98. The firm has a 50-day moving average price of $1.76 and a 200 day moving average price of $1.33. Nerdy, Inc. has a 52-week low of $0.73 and a 52-week high of $3.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd acquired a new stake in Nerdy in the fourth quarter worth approximately $26,000. AM Investment Strategies LLC bought a new stake in shares of Nerdy in the 3rd quarter worth $29,000. SG Americas Securities LLC acquired a new stake in shares of Nerdy in the third quarter valued at $29,000. ProShare Advisors LLC boosted its stake in Nerdy by 55.2% during 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 in the last quarter. Finally, Virtu Financial LLC grew its holdings in Nerdy by 59.1% during the fourth quarter. Virtu Financial LLC now owns 23,294 shares of the company’s stock worth $38,000 after acquiring an additional 8,655 shares during the period. 39.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.