Insider Selling: Nerdy, Inc. (NYSE:NRDY) CFO Sells 31,877 Shares of Stock

Nerdy, Inc. (NYSE:NRDY) CFO Jason H. Pello sold 31,877 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 2,036,928 shares in the company, valued at approximately $3,136,869.12. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Nerdy Stock Up 8.4 %

Shares of Nerdy stock opened at $1.61 on Thursday. The stock has a market capitalization of $292.83 million, a P/E ratio of -4.72 and a beta of 2.00. Nerdy, Inc. has a 12-month low of $0.73 and a 12-month high of $3.28. The company has a 50-day simple moving average of $1.71 and a 200 day simple moving average of $1.39.

Analyst Ratings Changes

Separately, The Goldman Sachs Group increased their price objective on shares of Nerdy from $1.00 to $1.50 and gave the company a “neutral” rating in a research note on Monday, March 3rd. One 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. According to MarketBeat, Nerdy has a consensus rating of “Hold” and an average price target of $2.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NRDY. Barclays PLC increased its holdings in shares of 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 in the last quarter. Geode Capital Management LLC boosted its position in Nerdy by 9.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,718,647 shares of the company’s stock valued at $1,690,000 after buying an additional 145,575 shares during the last quarter. State Street Corp increased its stake in shares of Nerdy by 0.9% in the 3rd quarter. State Street Corp now owns 1,253,663 shares of the company’s stock valued at $1,232,000 after buying an additional 11,721 shares during the period. Citizens Financial Group Inc. RI raised its position in shares of Nerdy by 10.7% during the fourth 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 during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Nerdy by 2.0% during the third quarter. Franklin Resources Inc. now owns 4,100,644 shares of the company’s stock valued at $4,224,000 after acquiring an additional 79,624 shares during the period. 39.10% of the stock is owned by institutional investors and hedge funds.

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.