Moloney Securities Asset Management LLC Increases Stock Position in Nerdy, Inc. (NYSE:NRDY)

Moloney Securities Asset Management LLC grew its stake in Nerdy, Inc. (NYSE:NRDY) by 53.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 28,725 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Moloney Securities Asset Management LLC’s holdings in Nerdy were worth $47,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NRDY. Sargent Investment Group LLC acquired a new stake in Nerdy in the 4th quarter valued at approximately $153,000. Franklin Resources Inc. grew its stake in shares of Nerdy by 2.0% in the third quarter. Franklin Resources Inc. now owns 4,100,644 shares of the company’s stock valued at $4,224,000 after buying an additional 79,624 shares in the last quarter. Barclays PLC raised its holdings in shares of Nerdy by 330.4% in the 3rd quarter. Barclays PLC now owns 103,960 shares of the company’s stock valued at $102,000 after buying an additional 79,808 shares during the period. Geode Capital Management LLC lifted its stake in Nerdy by 9.3% during 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. Finally, State Street Corp boosted its holdings in Nerdy by 0.9% during the 3rd quarter. State Street Corp now owns 1,253,663 shares of the company’s stock valued at $1,232,000 after acquiring an additional 11,721 shares during the period. 39.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NRDY shares. JPMorgan Chase & Co. lowered shares of Nerdy from a “neutral” rating to an “underweight” rating in a research note on Monday, November 11th. Cantor Fitzgerald reiterated a “neutral” rating and set a $1.00 target price (down from $6.00) on shares of Nerdy in a report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. Northland Securities reduced their price objective on Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a research note on Friday, November 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $2.00 target price on shares of Nerdy in a research note on Friday, November 8th. 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $2.86.

Insider Buying and Selling at Nerdy

In related news, CFO Jason H. Pello sold 70,490 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $1.06, for a total transaction of $74,719.40. Following the transaction, the chief financial officer now owns 2,255,428 shares in the company, valued at $2,390,753.68. This trade represents a 3.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Charles K. Cohn purchased 208,726 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average cost of $0.87 per share, for a total transaction of $181,591.62. Following the transaction, the chief executive officer now owns 21,157,650 shares of the company’s stock, valued at $18,407,155.50. This trade represents a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 5,117,544 shares of company stock worth $8,025,805 and have sold 160,732 shares worth $211,015. 31.35% of the stock is currently owned by insiders.

Nerdy Stock Performance

Shares of NYSE NRDY opened at $1.86 on Wednesday. The stock’s 50-day simple moving average is $1.72 and its 200-day simple moving average is $1.31. The firm has a market capitalization of $334.60 million, a PE ratio of -5.46 and a beta of 1.98. Nerdy, Inc. has a fifty-two week low of $0.73 and a fifty-two week high of $3.60.

Nerdy 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.