Nerdy, Inc. (NYSE:NRDY) Insider Sells $43,400.00 in Stock

Nerdy, Inc. (NYSE:NRDY) insider Christopher C. Swenson sold 35,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $1.24, for a total transaction of $43,400.00. Following the transaction, the insider now directly owns 1,768,248 shares in the company, valued at $2,192,627.52. This trade represents a 1.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Nerdy Stock Performance

Shares of NYSE:NRDY opened at $1.40 on Monday. Nerdy, Inc. has a 52 week low of $0.73 and a 52 week high of $3.60. The company’s fifty day moving average is $0.99 and its 200-day moving average is $1.34.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays dropped their target price on shares of Nerdy from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Canaccord Genuity Group lowered shares of Nerdy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $5.00 to $3.00 in a research report on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Nerdy from a “neutral” rating to an “underweight” rating in a report on Monday, November 11th. Raymond James lowered shares of Nerdy from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Finally, Northland Capmk lowered shares of Nerdy from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2.86.

Institutional Investors Weigh In On Nerdy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC boosted its stake 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 purchasing an additional 79,808 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 purchasing an additional 145,575 shares in the last quarter. State Street Corp boosted 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 purchasing an additional 11,721 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in Nerdy during the 3rd quarter worth about $138,000. Finally, AM Investment Strategies LLC acquired a new position in Nerdy during the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 39.10% of the company’s stock.

Nerdy Company 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.