Nerdy (NYSE:NRDY) Insider Sells $31,661.77 in Stock

Nerdy Inc. (NYSE:NRDY) insider Christopher Swenson sold 32,641 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $0.97, for a total value of $31,661.77. Following the sale, the insider owned 2,022,742 shares of the company’s stock, valued at $1,962,059.74. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nerdy Price Performance

NRDY traded down $0.01 on Wednesday, reaching $0.96. The company’s stock had a trading volume of 379,977 shares, compared to its average volume of 728,756. Nerdy Inc. has a 1 year low of $0.77 and a 1 year high of $1.90. The business’s 50 day moving average is $1.08 and its 200 day moving average is $1.16. The stock has a market cap of $179.27 million, a price-to-earnings ratio of -2.73 and a beta of 1.80.

Hedge Funds Weigh In On Nerdy

Several institutional investors have recently modified their holdings of NRDY. AQR Capital Management LLC boosted its stake in Nerdy by 67.9% during the first quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock valued at $53,000 after buying an additional 15,234 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Nerdy by 0.4% in the 2nd quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company’s stock valued at $5,950,000 after acquiring an additional 15,674 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Nerdy by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,557,017 shares of the company’s stock valued at $1,620,000 after purchasing an additional 17,325 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Nerdy by 27.0% during the 2nd quarter. Jane Street Group LLC now owns 83,470 shares of the company’s stock valued at $136,000 after purchasing an additional 17,768 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Nerdy by 41.9% in the 4th quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock worth $98,000 after purchasing an additional 17,889 shares during the last quarter. Institutional investors own 39.10% of the company’s stock.

Wall Street Analyst Weigh In

NRDY has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Nerdy in a research report on Thursday, January 22nd. Cantor Fitzgerald lowered their price objective on Nerdy from $1.50 to $1.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Finally, Wall Street Zen raised Nerdy from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Nerdy currently has a consensus rating of “Reduce” and an average target price of $1.25.

Nerdy Company Profile

Nerdy, Inc (NYSE:NRDY) is an American education technology company that operates a live online learning marketplace. Through its flagship Varsity Tutors platform, the company connects students, professionals and lifelong learners with a network of thousands of educators for personalized one-on-one tutoring, group classes and test preparation. The platform leverages proprietary matching algorithms to pair learners with instructors based on subject expertise, learning style and scheduling preferences.

Founded in 2007 by entrepreneur Chuck Cohn, Nerdy began as Varsity Tutors in Washington, DC, before establishing its headquarters in St.