Key Points
- CEO Charles Cohn bought 257,210 shares of Nerdy at an average price of $1.06 on Nov. 21, raising his direct stake to 31,053,279 shares (a 0.84% increase), according to an SEC filing.
- Nerdy reported Q results with EPS of ($0.10) that beat estimates of ($0.16) but revenue of $37.02M missed the $38.77M estimate; the company still posts negative margins and ROE, has a market cap of about $214.5M, and a consensus analyst rating of "Reduce" with a $1.25 price target.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn purchased 257,210 shares of the company's stock in a transaction on Friday, November 21st. The shares were bought at an average cost of $1.06 per share, with a total value of $272,642.60. Following the transaction, the chief executive officer directly owned 31,053,279 shares of the company's stock, valued at $32,916,475.74. This represents a 0.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Nerdy Stock Performance
Nerdy stock traded up $0.08 during midday trading on Tuesday, reaching $1.15. 161,068 shares of the company were exchanged, compared to its average volume of 712,759. The company has a market capitalization of $214.50 million, a price-to-earnings ratio of -3.27 and a beta of 1.82. The firm's 50-day simple moving average is $1.12 and its 200-day simple moving average is $1.39. Nerdy Inc. has a 1 year low of $0.77 and a 1 year high of $2.18.
Nerdy (NYSE:NRDY - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.06. Nerdy had a negative net margin of 22.95% and a negative return on equity of 81.74%. The company had revenue of $37.02 million for the quarter, compared to analyst estimates of $38.77 million. Nerdy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts forecast that Nerdy Inc. will post -0.43 EPS for the current fiscal year.
Institutional Investors Weigh In On Nerdy
Several institutional investors have recently bought and sold shares of NRDY. Voya Investment Management LLC acquired a new stake in shares of Nerdy in the first quarter worth $30,000. AQR Capital Management LLC boosted its position in Nerdy by 67.9% during 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 period. Strs Ohio purchased a new stake in Nerdy during the 1st quarter worth $56,000. Bank of America Corp DE increased its holdings in Nerdy by 41.9% in the 4th quarter. Bank of America Corp DE now owns 60,565 shares of the company's stock valued at $98,000 after purchasing an additional 17,889 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Nerdy by 27.0% in the second quarter. Jane Street Group LLC now owns 83,470 shares of the company's stock valued at $136,000 after purchasing an additional 17,768 shares during the period. 39.10% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
NRDY has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Nerdy from a "sell" rating to a "hold" rating in a research report on Sunday, November 16th. Cantor Fitzgerald reduced their price target on Nerdy from $1.50 to $1.00 and set a "neutral" rating on the stock in a research note 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $1.25.
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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 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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