Nerdy, Inc. (NYSE:NRDY - Get Free Report) insider Christopher C. Swenson sold 19,126 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $1.54, for a total value 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 $2,565,489.08. This trade represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Nerdy Stock Up 8.4 %
NRDY opened at $1.61 on Thursday. The stock has a fifty day moving average of $1.71 and a 200-day moving average of $1.39. The firm 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.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group upped their target price on Nerdy from $1.00 to $1.50 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. One 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 stock. Based on data from MarketBeat.com, Nerdy has an average rating of "Hold" and a consensus target price of $2.31.
Read Our Latest Stock Analysis on NRDY
Hedge Funds Weigh In On Nerdy
A number of hedge funds have recently modified their holdings of NRDY. Covestor Ltd acquired a new position in shares of Nerdy in the fourth quarter worth $26,000. ProShare Advisors LLC increased its position in Nerdy by 55.2% during the fourth quarter. ProShare Advisors LLC now owns 21,350 shares of the company's stock worth $35,000 after buying an additional 7,594 shares during the last quarter. Virtu Financial LLC increased its position in Nerdy by 59.1% during the fourth quarter. Virtu Financial LLC now owns 23,294 shares of the company's stock worth $38,000 after buying an additional 8,655 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Nerdy during the fourth quarter worth $40,000. Finally, Quantbot Technologies LP increased its position in Nerdy by 14,175.0% during the fourth quarter. Quantbot Technologies LP now owns 28,550 shares of the company's stock worth $46,000 after buying an additional 28,350 shares during the last quarter. 39.10% of the stock is owned by institutional investors and hedge funds.
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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