Nerdy, Inc. (NYSE:NRDY) Major Shareholder Sells $195,930.00 in Stock

Nerdy, Inc. (NYSE:NRDYGet Rating) major shareholder Light Street Capital Managemen sold 63,000 shares of the business’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $3.11, for a total value of $195,930.00. Following the transaction, the insider now directly owns 9,037,000 shares in the company, valued at approximately $28,105,070. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Light Street Capital Managemen also recently made the following trade(s):

  • On Thursday, June 23rd, Light Street Capital Managemen sold 400 shares of Nerdy stock. The stock was sold at an average price of $2.81, for a total value of $1,124.00.

NYSE NRDY traded down $0.06 during trading hours on Thursday, hitting $2.73. 1,118,299 shares of the company were exchanged, compared to its average volume of 799,680. The company has a 50 day moving average of $3.07 and a two-hundred day moving average of $4.08. Nerdy, Inc. has a 52-week low of $1.59 and a 52-week high of $13.49. The firm has a market cap of $434.14 million, a price-to-earnings ratio of -10.50 and a beta of 0.55.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Nerdy by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 2,344,570 shares of the company’s stock worth $11,934,000 after purchasing an additional 76,776 shares during the period. Woodline Partners LP increased its holdings in shares of Nerdy by 49.5% in the 1st quarter. Woodline Partners LP now owns 2,297,088 shares of the company’s stock valued at $11,692,000 after acquiring an additional 760,917 shares during the last quarter. J. Goldman & Co LP increased its holdings in shares of Nerdy by 50.1% in the 1st quarter. J. Goldman & Co LP now owns 1,613,487 shares of the company’s stock valued at $8,213,000 after acquiring an additional 538,784 shares during the last quarter. G2 Investment Partners Management LLC increased its holdings in shares of Nerdy by 5.0% in the 1st quarter. G2 Investment Partners Management LLC now owns 427,500 shares of the company’s stock valued at $2,176,000 after acquiring an additional 20,535 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Nerdy by 3.6% in the 1st quarter. BlackRock Inc. now owns 280,159 shares of the company’s stock valued at $1,426,000 after acquiring an additional 9,796 shares during the last quarter. Institutional investors own 56.01% of the company’s stock.

Several brokerages have recently commented on NRDY. Raymond James decreased their price target on Nerdy from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 1st. Northland Securities decreased their price target on Nerdy from $10.00 to $5.00 in a research note on Tuesday, May 17th. Needham & Company LLC decreased their price target on Nerdy from $8.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, May 17th. JPMorgan Chase & Co. decreased their target price on Nerdy from $11.00 to $7.00 in a research note on Tuesday, May 17th. Finally, Cantor Fitzgerald initiated coverage on Nerdy in a research note on Tuesday, March 29th. They set an “overweight” rating and a $7.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $6.60.

Nerdy Company Profile (Get Rating)

Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including AI, to connect learners of various ages to experts, delivering value on both sides of the network. Its learning destination provides learning experiences across various subjects and multiple formats, including one-on-one instruction, small group classes, large format group classes, and adaptive self-study.

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