Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello Sells 30,242 Shares

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 30,242 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $1.84, for a total transaction of $55,645.28. Following the sale, the chief financial officer now directly owns 2,225,186 shares of the company’s stock, valued at $4,094,342.24. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Nerdy Price Performance

NYSE NRDY traded down $0.14 during trading hours on Wednesday, hitting $1.71. 2,544,358 shares of the company’s stock traded hands, compared to its average volume of 1,789,274. The company has a market capitalization of $308.45 million, a PE ratio of -5.03 and a beta of 2.00. Nerdy, Inc. has a 52-week low of $0.73 and a 52-week high of $3.60. The firm’s 50-day moving average is $1.21 and its 200-day moving average is $1.30.

Institutional Investors Weigh In On Nerdy

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in shares of Nerdy in the third quarter valued at about $29,000. AM Investment Strategies LLC purchased a new position in shares of Nerdy during the 3rd quarter worth approximately $29,000. nVerses Capital LLC acquired a new stake in Nerdy in the 2nd quarter valued at approximately $34,000. Barclays PLC raised its position in Nerdy by 330.4% in the third quarter. Barclays PLC now owns 103,960 shares of the company’s stock valued at $102,000 after purchasing an additional 79,808 shares during the period. Finally, Citizens Financial Group Inc. RI acquired a new position in Nerdy during the third quarter worth $138,000. 39.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

About Nerdy

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.