Jane Street Group LLC Has $46,000 Holdings in Nerdy, Inc. (NYSE:NRDY)

Jane Street Group LLC decreased its holdings in Nerdy, Inc. (NYSE:NRDY) by 69.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,814 shares of the company’s stock after selling 107,223 shares during the period. Jane Street Group LLC’s holdings in Nerdy were worth $46,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ritholtz Wealth Management acquired a new position in shares of Nerdy in the 3rd quarter valued at about $867,000. Greenvale Capital LLP increased its holdings in shares of Nerdy by 6.0% in the 2nd quarter. Greenvale Capital LLP now owns 9,000,000 shares of the company’s stock valued at $15,030,000 after purchasing an additional 509,004 shares during the period. SG Americas Securities LLC acquired a new position in shares of Nerdy in the 3rd quarter valued at about $29,000. State Street Corp increased its holdings in Nerdy by 0.9% in the third quarter. State Street Corp now owns 1,253,663 shares of the company’s stock worth $1,232,000 after buying an additional 11,721 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in Nerdy by 286.7% in the second quarter. Cubist Systematic Strategies LLC now owns 259,822 shares of the company’s stock worth $434,000 after buying an additional 192,635 shares during the last quarter. Institutional investors and hedge funds own 39.10% of the company’s stock.

Insider Activity at Nerdy

In other news, CFO Jason H. Pello sold 30,242 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $1.84, for a total value of $55,645.28. Following the completion of the sale, the chief financial officer now directly owns 2,225,186 shares in the company, valued at approximately $4,094,342.24. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Charles K. Cohn bought 208,726 shares of the stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of $0.87 per share, with a total value of $181,591.62. Following the completion of the purchase, the chief executive officer now owns 21,157,650 shares of the company’s stock, valued at $18,407,155.50. This represents a 1.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 13,455,750 shares of company stock worth $15,530,190 and sold 160,732 shares worth $211,015. 31.35% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NRDY. Needham & Company LLC restated a “buy” rating and issued a $2.00 price objective on shares of Nerdy in a report on Friday, November 8th. Northland Securities dropped their price objective on Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a report on Friday, November 8th. JPMorgan Chase & Co. cut Nerdy from a “neutral” rating to an “underweight” rating in a research report on Monday, November 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $1.00 target price (down previously from $6.00) on shares of Nerdy in a research report on Friday, November 8th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Nerdy in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Nerdy currently has an average rating of “Hold” and an average target price of $2.86.

Nerdy Trading Up 7.7 %

Shares of NYSE NRDY opened at $1.68 on Thursday. The business has a fifty day simple moving average of $1.47 and a 200 day simple moving average of $1.29. The firm has a market capitalization of $303.04 million, a price-to-earnings ratio of -4.94 and a beta of 1.96. Nerdy, Inc. has a one year low of $0.73 and a one year high of $3.60.

Nerdy 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.