Brokerages Set Nerdy, Inc. (NYSE:NRDY) PT at $2.31

Shares of Nerdy, Inc. (NYSE:NRDY - Get Free Report) have been given a consensus rating of "Hold" by the eleven brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $2.31.

Separately, The Goldman Sachs Group upped their target price on Nerdy from $1.00 to $1.50 and gave the company a "neutral" rating in a report on Monday, March 3rd.

Nerdy Trading Down 0.3 %

Shares of NRDY stock traded down $0.01 during mid-day trading on Tuesday, reaching $1.64. The stock had a trading volume of 397,548 shares, compared to its average volume of 1,761,129. The stock's 50-day moving average price is $1.52 and its two-hundred day moving average price is $1.49. The firm has a market capitalization of $298.30 million, a PE ratio of -4.81 and a beta of 1.95. Nerdy has a 52-week low of $0.73 and a 52-week high of $2.82.

Insider Activity

In other Nerdy news, insider Christopher C. Swenson sold 58,220 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1.80, for a total transaction of $104,796.00. Following the completion of the sale, the insider now directly owns 1,685,028 shares in the company, valued at approximately $3,033,050.40. The trade was a 3.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason H. Pello sold 75,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $1.51, for a total value of $113,250.00. Following the completion of the transaction, the chief financial officer now owns 2,068,805 shares in the company, valued at approximately $3,123,895.55. This trade represents a 3.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 265,604 shares of company stock valued at $443,076 over the last ninety days. 50.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nerdy

A number of hedge funds have recently modified their holdings of NRDY. Nuveen Asset Management LLC raised its stake in shares of Nerdy by 99.5% in the fourth quarter. Nuveen Asset Management LLC now owns 410,523 shares of the company's stock worth $665,000 after buying an additional 204,760 shares during the period. Soviero Asset Management LP purchased a new stake in Nerdy in the 4th quarter worth approximately $243,000. Geode Capital Management LLC lifted its holdings in Nerdy by 9.3% during the third quarter. Geode Capital Management LLC now owns 1,718,647 shares of the company's stock valued at $1,690,000 after purchasing an additional 145,575 shares in the last quarter. Sargent Investment Group LLC purchased a new position in Nerdy during the fourth quarter valued at approximately $153,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Nerdy in the fourth quarter worth approximately $150,000. Institutional investors own 39.10% of the company's stock.

About Nerdy

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.