Quantbot Technologies LP Grows Stock Holdings in Nerdy, Inc. (NYSE:NRDY)

Quantbot Technologies LP grew its stake in Nerdy, Inc. (NYSE:NRDY) by 14,175.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,550 shares of the company’s stock after purchasing an additional 28,350 shares during the period. Quantbot Technologies LP’s holdings in Nerdy were worth $46,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in NRDY. Franklin Resources Inc. boosted its stake in Nerdy by 2.0% during the third quarter. Franklin Resources Inc. now owns 4,100,644 shares of the company’s stock worth $4,224,000 after buying an additional 79,624 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Nerdy by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,718,647 shares of the company’s stock worth $1,690,000 after acquiring an additional 145,575 shares during the period. State Street Corp raised its holdings in shares of Nerdy by 0.9% during the 3rd quarter. State Street Corp now owns 1,253,663 shares of the company’s stock worth $1,232,000 after acquiring an additional 11,721 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Nerdy by 33.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 230,538 shares of the company’s stock valued at $373,000 after acquiring an additional 57,846 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of Nerdy by 10.7% in the fourth quarter. Citizens Financial Group Inc. RI now owns 155,000 shares of the company’s stock valued at $251,000 after purchasing an additional 15,000 shares during the period. 39.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lifted their target price on shares of Nerdy from $1.00 to $1.50 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.31.

Insider Activity at Nerdy

In related news, CFO Jason H. Pello sold 81,381 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $1.80, for a total transaction of $146,485.80. Following the completion of the transaction, the chief financial officer now directly owns 2,143,805 shares of the company’s stock, valued at $3,858,849. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher C. Swenson sold 58,220 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $1.80, for a total value of $104,796.00. Following the completion of the sale, the insider now directly owns 1,685,028 shares in the company, valued at $3,033,050.40. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 265,604 shares of company stock worth $443,076. Corporate insiders own 50.94% of the company’s stock.

Nerdy Price Performance

Shares of NYSE:NRDY opened at $1.43 on Wednesday. The firm has a market capitalization of $259.99 million, a PE ratio of -4.19 and a beta of 2.00. Nerdy, Inc. has a 1 year low of $0.73 and a 1 year high of $2.95. The firm’s 50-day moving average is $1.69 and its two-hundred day moving average is $1.43.

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.