Jason Pello Sells 49,814 Shares of Nerdy (NYSE:NRDY) Stock

Nerdy Inc. (NYSE:NRDY) CFO Jason Pello sold 49,814 shares of Nerdy stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $0.97, for a total value of $48,319.58. Following the transaction, the chief financial officer owned 2,646,235 shares in the company, valued at $2,566,847.95. This trade represents a 1.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Nerdy Stock Performance

Shares of NRDY stock 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 company’s 50 day moving average price is $1.07 and its two-hundred day moving average price is $1.16. The company has a market capitalization of $177.96 million, a P/E ratio of -2.71 and a beta of 1.80.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wall Street Zen upgraded Nerdy from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Cantor Fitzgerald reduced their price target on Nerdy from $1.50 to $1.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nerdy in a report on Thursday, January 22nd. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Nerdy currently has a consensus rating of “Reduce” and a consensus price target of $1.25.

Hedge Funds Weigh In On Nerdy

A number of large investors have recently made changes to their positions in NRDY. AQR Capital Management LLC lifted its holdings in shares of Nerdy by 67.9% during the first quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock worth $53,000 after buying an additional 15,234 shares in the last quarter. Franklin Resources Inc. boosted its stake in Nerdy by 0.4% in the second quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company’s stock valued at $5,950,000 after buying an additional 15,674 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Nerdy by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,557,017 shares of the company’s stock worth $1,620,000 after acquiring an additional 17,325 shares during the last quarter. Jane Street Group LLC lifted its stake in Nerdy by 27.0% in 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 during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Nerdy by 41.9% during the fourth quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock worth $98,000 after buying an additional 17,889 shares during the last quarter. Institutional investors 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.