Nerdy, Inc. (NYSE:NRDY) Given Average Recommendation of “Hold” by Analysts

Shares of Nerdy, Inc. (NYSE:NRDY) have received an average rating of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $2.31.

Separately, The Goldman Sachs Group boosted their price target on Nerdy from $1.00 to $1.50 and gave the company a “neutral” rating in a report on Monday, March 3rd.

Insider Buying and Selling

In related news, insider Christopher C. Swenson sold 19,126 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $1.54, for a total transaction of $29,454.04. Following the completion of the transaction, the insider now directly owns 1,665,902 shares of the company’s stock, valued at approximately $2,565,489.08. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason H. Pello sold 75,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $1.51, for a total transaction of $113,250.00. Following the completion of the sale, the chief financial officer now owns 2,068,805 shares in the company, valued at approximately $3,123,895.55. The trade was a 3.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 265,604 shares of company stock worth $443,076. 50.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Nerdy

Several institutional investors have recently added to or reduced their stakes in NRDY. Covestor Ltd purchased a new stake in shares of Nerdy during the 4th quarter worth approximately $26,000. ProShare Advisors LLC lifted its position in Nerdy by 55.2% during the fourth quarter. ProShare Advisors LLC now owns 21,350 shares of the company’s stock valued at $35,000 after purchasing an additional 7,594 shares during the last quarter. Virtu Financial LLC grew its stake in shares of Nerdy by 59.1% in the 4th quarter. Virtu Financial LLC now owns 23,294 shares of the company’s stock worth $38,000 after buying an additional 8,655 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Nerdy in the 4th quarter worth about $40,000. Finally, Quantbot Technologies LP raised its position in shares of Nerdy by 14,175.0% during the 4th quarter. Quantbot Technologies LP now owns 28,550 shares of the company’s stock valued at $46,000 after buying an additional 28,350 shares in the last quarter. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Nerdy Price Performance

Shares of NRDY stock opened at $1.53 on Friday. Nerdy has a 1 year low of $0.73 and a 1 year high of $3.03. The firm has a fifty day moving average price of $1.70 and a 200-day moving average price of $1.41. The company has a market cap of $278.23 million, a price-to-earnings ratio of -4.49 and a beta of 2.00.

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.