Nerdy, Inc. (NYSE:NRDY) CFO Sells $49,090.58 in Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 31,877 shares of the stock in a transaction on Monday, March 17th. The shares were 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 owns 2,036,928 shares of the company’s stock, valued at $3,136,869.12. This trade represents a 1.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Nerdy Trading Up 1.0 %

Shares of Nerdy stock opened at $1.59 on Friday. The stock has a 50-day moving average price of $1.70 and a 200 day moving average price of $1.39. The company has a market cap of $289.18 million, a P/E ratio of -4.66 and a beta of 2.00. Nerdy, Inc. has a 1 year low of $0.73 and a 1 year high of $3.13.

Institutional Investors Weigh In On Nerdy

Hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its stake in Nerdy by 330.4% in the 3rd quarter. Barclays PLC now owns 103,960 shares of the company’s stock worth $102,000 after acquiring an additional 79,808 shares in the last quarter. Geode Capital Management LLC lifted its stake in Nerdy by 9.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,718,647 shares of the company’s stock worth $1,690,000 after acquiring an additional 145,575 shares in the last quarter. State Street Corp lifted its stake in Nerdy by 0.9% in the 3rd quarter. State Street Corp now owns 1,253,663 shares of the company’s stock worth $1,232,000 after acquiring an additional 11,721 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in Nerdy by 10.7% in the 4th quarter. Citizens Financial Group Inc. RI now owns 155,000 shares of the company’s stock worth $251,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Nerdy by 2.0% in the 3rd quarter. Franklin Resources Inc. now owns 4,100,644 shares of the company’s stock worth $4,224,000 after acquiring an additional 79,624 shares in the last quarter. 39.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.