Key Points
- Insider sale: Christopher Swenson sold 32,641 shares on Feb. 17 at an average price of $0.97 for $31,661.77, reducing his stake by 1.59% to 2,022,742 shares (about $1.96M).
- Market context: NRDY trades near $0.96 with a 52-week range of $0.77–$1.90, a market cap of $179.3M and a negative P/E of -2.73.
- Investor and analyst stance: Institutional investors own roughly 39.1% after several hedge funds raised positions, while analysts have a consensus "Reduce" rating and an average target price of $1.25.
Nerdy Inc. (NYSE:NRDY - Get Free Report) insider Christopher Swenson sold 32,641 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $0.97, for a total value of $31,661.77. Following the completion of the transaction, the insider owned 2,022,742 shares of the company's stock, valued at $1,962,059.74. The trade was a 1.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Nerdy Stock Down 1.3%
Shares of NRDY opened at $0.96 on Thursday. Nerdy Inc. has a 52-week low of $0.77 and a 52-week high of $1.90. The company has a market capitalization of $179.27 million, a PE ratio of -2.73 and a beta of 1.80. The company has a 50-day simple moving average of $1.08 and a 200-day simple moving average of $1.16.
Hedge Funds Weigh In On Nerdy
Several hedge funds and other institutional investors have recently made changes to their positions in NRDY. Wells Fargo & Company MN grew its stake in shares of Nerdy by 80.5% in the fourth quarter. Wells Fargo & Company MN now owns 65,041 shares of the company's stock valued at $68,000 after buying an additional 29,007 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in Nerdy by 170.7% in the third quarter. Moneta Group Investment Advisors LLC now owns 237,883 shares of the company's stock valued at $300,000 after acquiring an additional 150,000 shares in the last quarter. Bank of America Corp DE grew its position in Nerdy by 236.2% in the second quarter. Bank of America Corp DE now owns 123,534 shares of the company's stock valued at $201,000 after acquiring an additional 86,791 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Nerdy by 27.0% during the second quarter. Jane Street Group LLC now owns 83,470 shares of the company's stock worth $136,000 after purchasing an additional 17,768 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Nerdy in the second quarter valued at $221,000. Institutional investors and hedge funds own 39.10% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Weiss Ratings reiterated a "sell (e+)" rating on shares of Nerdy in a research report on Thursday, January 22nd. Cantor Fitzgerald reduced their target price on Nerdy from $1.50 to $1.00 and set a "neutral" rating on the stock in a research report on Friday, November 7th. Finally, Wall Street Zen upgraded Nerdy from a "sell" rating to a "hold" rating in a report on Sunday, November 16th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $1.25.
Check Out Our Latest Stock Analysis on NRDY
About Nerdy
(
Get Free Report)
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.
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