Insider Selling: Nerdy, Inc. (NYSE:NRDY) CFO Sells $74,719.40 in Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 70,490 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $1.06, for a total value of $74,719.40. Following the sale, the chief financial officer now directly owns 2,255,428 shares of the company’s stock, valued at $2,390,753.68. The trade was a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Nerdy Stock Up 6.4 %

NRDY stock opened at $1.41 on Friday. The stock has a 50-day simple moving average of $0.99 and a two-hundred day simple moving average of $1.36. Nerdy, Inc. has a twelve month low of $0.73 and a twelve month high of $3.60.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Raymond James cut Nerdy from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Needham & Company LLC reissued a “buy” rating and set a $2.00 target price on shares of Nerdy in a research report on Friday, November 8th. Barclays lowered their price target on shares of Nerdy from $4.00 to $3.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. JMP Securities reissued a “market perform” rating on shares of Nerdy in a report on Friday, November 8th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $3.00 price target (down previously from $5.00) on shares of Nerdy in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Nerdy presently has an average rating of “Hold” and an average target price of $2.86.

Hedge Funds Weigh In On Nerdy

Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its holdings in shares of Nerdy by 11.6% in the 2nd quarter. Rhumbline Advisers now owns 84,739 shares of the company’s stock valued at $142,000 after acquiring an additional 8,834 shares in the last quarter. State Street Corp increased its position in shares of Nerdy by 0.9% in the third quarter. State Street Corp now owns 1,253,663 shares of the company’s stock worth $1,232,000 after purchasing an additional 11,721 shares during the last quarter. nVerses Capital LLC purchased a new stake in Nerdy in the second quarter valued at approximately $34,000. SG Americas Securities LLC bought a new stake in Nerdy during the third quarter valued at approximately $29,000. Finally, AM Investment Strategies LLC purchased a new stake in Nerdy during the third quarter valued at about $29,000. Hedge funds and other 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.