Nerdy, Inc. (NYSE:NRDY) Receives $2.31 Consensus Target Price from Brokerages

Shares of Nerdy, Inc. (NYSE:NRDY) have been given an average rating of “Hold” by the eleven analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $2.31.

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

Insider Activity at Nerdy

In other Nerdy news, CFO Jason H. Pello sold 81,381 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $1.80, for a total transaction of $146,485.80. Following the sale, the chief financial officer now directly owns 2,143,805 shares of the company’s stock, valued at $3,858,849. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $29,454.04. Following the transaction, the insider now directly owns 1,665,902 shares in the company, valued at $2,565,489.08. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 265,604 shares of company stock valued at $443,076. Insiders own 50.94% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. State Street Corp grew its position in shares of 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. Barclays PLC boosted its stake in Nerdy by 330.4% in the 3rd quarter. Barclays PLC now owns 103,960 shares of the company’s stock worth $102,000 after buying an additional 79,808 shares during the last quarter. Geode Capital Management LLC grew its holdings in Nerdy by 9.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,718,647 shares of the company’s stock valued at $1,690,000 after buying an additional 145,575 shares during the period. Franklin Resources Inc. increased its stake in shares of Nerdy by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 4,100,644 shares of the company’s stock valued at $4,224,000 after acquiring an additional 79,624 shares during the last quarter. Finally, Sargent Investment Group LLC purchased a new position in shares of Nerdy during the 4th quarter worth about $153,000. 39.10% of the stock is currently owned by institutional investors and hedge funds.

Nerdy Stock Down 4.9 %

NYSE NRDY opened at $1.46 on Friday. The stock has a market capitalization of $265.46 million, a P/E ratio of -4.28 and a beta of 2.00. Nerdy has a 52-week low of $0.73 and a 52-week high of $3.03. The firm has a 50-day moving average price of $1.70 and a 200 day moving average price of $1.42.

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.