In its most recent filing with the SEC, Form 13F, Bank of Montreal Can said it acquired a new stake in Nerdy, Inc.
The company acquired 932,416 shares of Nerdy stock in the fourth quarter worth approximately $2,107,000.
Bank of Montreal Can, which it acquired, now owns 0.58% of Nerdy, a platform that specializes in live online learning and aims to connect learners with experts using technology and AI.
Nerdy has recently found favor with some brokers. This is not unexpected given the rapid rise of online platforms in the education sector amid the pandemic.
Raymond James lifted their target price on Nerdy from $3.50 to $4.00 and gave the stock an “outperform” rating in a report.
Needham & Company LLC also reaffirmed Nerdy's mission statement by reaffirming a “buy” rating and offering a $5.00 price target on the stock.
Goldman Sachs Group gave it a “neutral” rating, but raised its price target on the company from $3.00 to $3.50.
Following these positive reviews with user feedback showing a high level of satisfaction with personalized learning, we can safely conclude that the future is bright for Nerdy.
In various formats, such as large group classes, one-on-one training covering various topics, the experiences provided by the platform hold a rich intellectual treasure for users.