Clear Harbor Asset Management LLC lowered its holdings in Nerdy, Inc. (NYSE:NRDY – Get Rating) by 6.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,342 shares of the company's stock after selling 12,500 shares during the period. Clear Harbor Asset Management LLC owned approximately 0.11% of Nerdy worth $370,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Marotta Asset Management bought a new stake in shares of Nerdy in the third quarter valued at approximately $53,000. Goldman Sachs Group Inc. increased its holdings in Nerdy by 29.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,987,562 shares of the company's stock worth $8,494,000 after acquiring an additional 903,471 shares during the period. State Street Corp increased its holdings in Nerdy by 242.1% during the 2nd quarter. State Street Corp now owns 734,195 shares of the company's stock worth $1,564,000 after acquiring an additional 519,594 shares during the period. Renaissance Technologies LLC increased its holdings in Nerdy by 191.8% during the 2nd quarter. Renaissance Technologies LLC now owns 310,800 shares of the company's stock worth $662,000 after acquiring an additional 204,300 shares during the period. Finally, American International Group Inc. bought a new stake in Nerdy during the 2nd quarter worth approximately $54,000. Institutional investors own 70.77% of the company's stock.

Insider Activity

In other news, insider Heidi Robinson sold 16,500 shares of the company's stock in a transaction on Monday, October 17th. The shares were sold at an average price of $2.25, for a total value of $37,125.00. Following the completion of the sale, the insider now owns 1,231,050 shares of the company's stock, valued at approximately $2,769,862.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Tpg Gp A, Llc sold 1,500,000 shares of the company's stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $1.90, for a total value of $2,850,000.00. Following the completion of the sale, the director now owns 11,943,250 shares of the company's stock, valued at approximately $22,692,175. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Heidi Robinson sold 16,500 shares of the company's stock in a transaction on Monday, October 17th. The shares were sold at an average price of $2.25, for a total transaction of $37,125.00. Following the sale, the insider now owns 1,231,050 shares of the company's stock, valued at $2,769,862.50. The disclosure for this sale can be found here. 31.08% of the stock is owned by corporate insiders.

Nerdy Stock Up 2.3 %

Wall Street Analyst Weigh In

NRDY has been the topic of a number of analyst reports. Barclays decreased their target price on shares of Nerdy from $4.00 to $2.50 and set an "equal weight" rating on the stock in a report on Tuesday, October 18th. Raymond James decreased their target price on shares of Nerdy from $5.00 to $3.50 and set an "outperform" rating on the stock in a report on Tuesday, November 15th. Canaccord Genuity Group cut their price target on shares of Nerdy from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Tuesday, November 15th. The Goldman Sachs Group cut their price target on shares of Nerdy from $3.50 to $3.00 and set a "neutral" rating for the company in a research note on Tuesday, November 15th. Finally, Canaccord Genuity Group cut their price target on shares of Nerdy from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Tuesday, November 15th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Nerdy currently has an average rating of "Moderate Buy" and a consensus price target of $4.90.

Nerdy Company Profile

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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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