Nerdy, Inc. (NYSE:NRDY - Get Free Report) insider Christopher C. Swenson sold 25,000 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $1.49, for a total transaction of $37,250.00. Following the completion of the transaction, the insider now directly owns 1,743,248 shares in the company, valued at approximately $2,597,439.52. This represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Nerdy Stock Performance
Shares of NRDY stock opened at $1.91 on Tuesday. The firm has a market cap of $344.53 million, a P/E ratio of -5.62 and a beta of 2.00. The firm's 50 day moving average price is $1.18 and its 200-day moving average price is $1.30. Nerdy, Inc. has a one year low of $0.73 and a one year high of $3.60.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew its stake in shares of Nerdy by 382.0% in the second quarter. Millennium Management LLC now owns 1,876,105 shares of the company's stock valued at $3,133,000 after buying an additional 1,486,910 shares in the last quarter. Ritholtz Wealth Management purchased a new position in Nerdy during the 3rd quarter valued at about $867,000. Greenvale Capital LLP grew its position in Nerdy by 6.0% in the 2nd quarter. Greenvale Capital LLP now owns 9,000,000 shares of the company's stock valued at $15,030,000 after acquiring an additional 509,004 shares in the last quarter. Clearline Capital LP increased its stake in Nerdy by 34.3% during the second quarter. Clearline Capital LP now owns 1,846,737 shares of the company's stock worth $3,084,000 after purchasing an additional 471,603 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Nerdy by 12.9% during the second quarter. Marshall Wace LLP now owns 1,960,393 shares of the company's stock worth $3,274,000 after purchasing an additional 224,049 shares in the last quarter. 39.10% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
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A number of research analysts have weighed in on NRDY shares. Northland Securities decreased their target price on shares of Nerdy from $3.00 to $2.00 and set a "market perform" rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. downgraded Nerdy from a "neutral" rating to an "underweight" rating in a research report on Monday, November 11th. JMP Securities restated a "market perform" rating on shares of Nerdy in a report on Friday, November 8th. Needham & Company LLC reiterated a "buy" rating and set a $2.00 price target on shares of Nerdy in a report on Friday, November 8th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $1.00 price objective (down previously from $6.00) on shares of Nerdy in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Nerdy presently has a consensus rating of "Hold" and a consensus target price of $2.86.
Check Out Our Latest Analysis on NRDY
Nerdy Company Profile
(
Get Free Report)
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.
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