Nerdy, Inc. (NYSE:NRDY) Holdings Lifted by Barclays PLC

Barclays PLC lifted its stake in Nerdy, Inc. (NYSE:NRDY) by 330.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,960 shares of the company’s stock after acquiring an additional 79,808 shares during the period. Barclays PLC owned 0.06% of Nerdy worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in NRDY. Millennium Management LLC lifted its stake in shares of Nerdy by 382.0% in the 2nd quarter. Millennium Management LLC now owns 1,876,105 shares of the company’s stock worth $3,133,000 after acquiring an additional 1,486,910 shares during the period. Ritholtz Wealth Management acquired a new stake in Nerdy during the third quarter valued at approximately $867,000. Greenvale Capital LLP lifted its stake in Nerdy by 6.0% during the second 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 last quarter. Clearline Capital LP lifted its stake in Nerdy by 34.3% during the second quarter. Clearline Capital LP now owns 1,846,737 shares of the company’s stock valued at $3,084,000 after purchasing an additional 471,603 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Nerdy by 12.9% during the second quarter. Marshall Wace LLP now owns 1,960,393 shares of the company’s stock valued at $3,274,000 after purchasing an additional 224,049 shares during the last quarter. 39.10% of the stock is owned by institutional investors and hedge funds.

Nerdy Trading Up 8.4 %

NYSE:NRDY opened at $1.75 on Friday. Nerdy, Inc. has a 1 year low of $0.73 and a 1 year high of $3.60. The firm’s fifty day simple moving average is $1.59 and its 200 day simple moving average is $1.30. The firm has a market capitalization of $314.76 million, a PE ratio of -5.13 and a beta of 1.96.

Nerdy (NYSE:NRDY) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.09. Nerdy had a negative net margin of 19.31% and a negative return on equity of 47.45%. The firm had revenue of $37.53 million during the quarter, compared to the consensus estimate of $36.63 million. During the same period in the prior year, the firm earned ($0.13) EPS. As a group, analysts anticipate that Nerdy, Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NRDY. Needham & Company LLC restated a “buy” rating and issued a $2.00 price target on shares of Nerdy in a research report on Friday, November 8th. Northland Securities reduced their price target on shares of Nerdy from $3.00 to $2.00 and set a “market perform” rating for the company in a research report on Friday, November 8th. Cantor Fitzgerald restated a “neutral” rating and issued a $1.00 price target (down previously from $6.00) on shares of Nerdy in a research report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. lowered shares of Nerdy from a “neutral” rating to an “underweight” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.86.

Insider Transactions at Nerdy

In related news, CFO Jason H. Pello sold 30,242 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $1.84, for a total transaction of $55,645.28. Following the completion of the sale, the chief financial officer now owns 2,225,186 shares in the company, valued at $4,094,342.24. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher C. Swenson sold 35,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $1.24, for a total transaction of $43,400.00. Following the sale, the insider now owns 1,768,248 shares of the company’s stock, valued at $2,192,627.52. This trade represents a 1.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 13,455,750 shares of company stock valued at $15,530,190 and sold 160,732 shares valued at $211,015. 31.35% of the stock is owned by insiders.

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.