Nerdy, Inc. (NYSE:NRDY) Receives Average Recommendation of “Hold” from Analysts

Shares of Nerdy, Inc. (NYSE:NRDY) have earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $2.31.

Separately, The Goldman Sachs Group raised their price target on shares of Nerdy from $1.00 to $1.50 and gave the company a “neutral” rating in a research report on Monday, March 3rd.

Insider Activity

In other news, CFO Jason H. Pello sold 31,877 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $1.54, for a total value of $49,090.58. Following the completion of the sale, the chief financial officer now directly owns 2,036,928 shares of the company’s stock, valued at approximately $3,136,869.12. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher C. Swenson sold 19,126 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $1.54, for a total value of $29,454.04. Following the sale, the insider now directly owns 1,665,902 shares of the company’s stock, valued at approximately $2,565,489.08. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 265,604 shares of company stock valued at $443,076. Insiders own 50.94% of the company’s stock.

Institutional Investors Weigh In On Nerdy

Large investors have recently modified their holdings of the stock. ProShare Advisors LLC increased its stake in Nerdy by 55.2% in the 4th quarter. ProShare Advisors LLC now owns 21,350 shares of the company’s stock valued at $35,000 after buying an additional 7,594 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Nerdy by 33.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,263 shares of the company’s stock valued at $50,000 after acquiring an additional 7,607 shares in the last quarter. Virtu Financial LLC increased its stake in shares of 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 acquiring an additional 8,655 shares during the period. Moloney Securities Asset Management LLC raised its holdings in Nerdy by 53.4% during the fourth quarter. Moloney Securities Asset Management LLC now owns 28,725 shares of the company’s stock worth $47,000 after purchasing an additional 10,000 shares in the last quarter. Finally, State Street Corp lifted its position in Nerdy by 0.9% in the third 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 during the period. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Nerdy Stock Performance

NYSE NRDY opened at $1.64 on Tuesday. The firm has a market cap of $298.30 million, a price-to-earnings ratio of -4.81 and a beta of 1.95. The firm has a 50 day simple moving average of $1.52 and a 200-day simple moving average of $1.48. Nerdy has a one year low of $0.73 and a one year high of $2.82.

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.