Christopher Swenson Sells 32,641 Shares of Nerdy (NYSE:NRDY) Stock

Nerdy Inc. (NYSE:NRDY) insider Christopher Swenson sold 32,641 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $0.97, for a total transaction of $31,661.77. Following the completion of the transaction, the insider owned 2,022,742 shares of the company’s stock, valued at approximately $1,962,059.74. This trade represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Nerdy Stock Performance

Shares of NYSE:NRDY opened at $0.95 on Friday. Nerdy Inc. has a 52 week low of $0.77 and a 52 week high of $1.90. The firm has a market cap of $177.96 million, a PE ratio of -2.71 and a beta of 1.80. The firm’s fifty day moving average is $1.07 and its 200-day moving average is $1.16.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Nerdy from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nerdy in a report on Thursday, January 22nd. Finally, Cantor Fitzgerald lowered their price target on shares of Nerdy from $1.50 to $1.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $1.25.

Institutional Investors Weigh In On Nerdy

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in Nerdy by 41.9% in the fourth quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock valued at $98,000 after buying an additional 17,889 shares during the period. AQR Capital Management LLC increased its stake in shares of Nerdy by 67.9% in the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock valued at $53,000 after acquiring an additional 15,234 shares in the last quarter. Strs Ohio bought a new stake in shares of Nerdy in the 1st quarter valued at $56,000. Franklin Resources Inc. lifted its position in shares of Nerdy by 0.4% during 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 period. Finally, Marshall Wace LLP bought a new position in Nerdy during the second quarter worth $221,000. Institutional investors and hedge funds own 39.10% of the company’s stock.

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.