Key Points
- CEO Charles Cohn bought 270,578 shares at an average price of $0.91 (about $246,226), raising his stake to 30,779,769 shares — a 0.89% increase in his position.
- NRDY traded at $1.04 on Friday with volume of ~1.77M shares (average ~609k), a market cap of ~$193.9M and a 52-week range of $0.77–$2.18.
- The company reported EPS of ($0.10) beating estimates of ($0.16) but missed revenue expectations, remains unprofitable with negative margins and ROE, and holds a consensus rating of "Reduce" with an average target of $1.25.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn purchased 270,578 shares of the company's stock in a transaction dated Wednesday, November 19th. The stock was bought at an average cost of $0.91 per share, for a total transaction of $246,225.98. Following the completion of the purchase, the chief executive officer directly owned 30,779,769 shares of the company's stock, valued at $28,009,589.79. The trade was a 0.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Nerdy Price Performance
NRDY traded up $0.07 during trading on Friday, reaching $1.04. 1,773,368 shares of the stock traded hands, compared to its average volume of 609,497. Nerdy Inc. has a fifty-two week low of $0.77 and a fifty-two week high of $2.18. The stock's 50-day simple moving average is $1.12 and its two-hundred day simple moving average is $1.40. The stock has a market cap of $193.89 million, a price-to-earnings ratio of -2.96 and a beta of 1.82.
Nerdy (NYSE:NRDY - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.06. The firm had revenue of $37.02 million for the quarter, compared to analyst estimates of $38.77 million. Nerdy had a negative net margin of 22.95% and a negative return on equity of 81.74%. Nerdy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts anticipate that Nerdy Inc. will post -0.43 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nerdy
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC grew its position in Nerdy by 67.9% in the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company's stock worth $53,000 after purchasing an additional 15,234 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Nerdy by 0.4% in the second quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company's stock valued at $5,950,000 after buying an additional 15,674 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Nerdy by 8.0% in the first quarter. Bank of New York Mellon Corp now owns 223,757 shares of the company's stock valued at $318,000 after buying an additional 16,613 shares during the period. Jane Street Group LLC increased its stake in Nerdy by 27.0% during the second quarter. Jane Street Group LLC now owns 83,470 shares of the company's stock valued at $136,000 after acquiring an additional 17,768 shares during the period. Finally, Bank of America Corp DE increased its stake in Nerdy by 41.9% during the fourth quarter. Bank of America Corp DE now owns 60,565 shares of the company's stock valued at $98,000 after acquiring an additional 17,889 shares during the period. Institutional investors own 39.10% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on NRDY. Wall Street Zen upgraded shares of Nerdy from a "sell" rating to a "hold" rating in a report on Sunday, November 16th. Cantor Fitzgerald lowered their price objective on Nerdy from $1.50 to $1.00 and set a "neutral" rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Nerdy in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $1.25.
Check Out Our Latest Report on Nerdy
About Nerdy
(
Get Free Report)
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.
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