Key Points
- CEO Charles Cohn purchased 238,749 shares at an average price of $1.05 (totaling $250,686.45), boosting his stake 23.01% to 1,276,282 shares valued at about $1.34 million.
- Nerdy reported Q3 EPS of -$0.10, beating estimates by $0.06, but revenue of $37.02 million missed consensus and the company remains unprofitable with a negative net margin and return on equity.
- Analysts have a consensus rating of “Reduce” with an average price target of $1.25 (Cantor Fitzgerald cut its target to $1.00), while the stock has been trading near $1.26 and was recently noted as up ~4.6%.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn bought 238,749 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average cost of $1.05 per share, with a total value of $250,686.45. Following the completion of the transaction, the chief executive officer owned 1,276,282 shares in the company, valued at $1,340,096.10. The trade was a 23.01% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Nerdy Trading Up 4.6%
Shares of NRDY stock opened at $1.26 on Thursday. The stock has a 50-day moving average of $1.11 and a 200-day moving average of $1.39. The stock has a market cap of $235.10 million, a price-to-earnings ratio of -3.59 and a beta of 1.82. 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 quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $37.02 million during the quarter, compared to analyst estimates of $38.77 million. Nerdy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that Nerdy Inc. will post -0.43 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Weiss Ratings restated a "sell (e+)" rating on shares of Nerdy in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Nerdy from a "sell" rating to a "hold" rating in a research report on Sunday, November 16th. Finally, Cantor Fitzgerald dropped their target price on shares of Nerdy from $1.50 to $1.00 and set a "neutral" rating on the stock in a research report on Friday, November 7th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $1.25.
View Our Latest Stock Analysis on Nerdy
Institutional Investors Weigh In On Nerdy
Several hedge funds and other institutional investors have recently modified their holdings of the company. 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 valued at $53,000 after purchasing an additional 15,234 shares during the period. Franklin Resources Inc. increased its position in shares of Nerdy by 0.4% during the second quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company's stock worth $5,950,000 after acquiring an additional 15,674 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Nerdy by 8.0% in the 1st quarter. Bank of New York Mellon Corp now owns 223,757 shares of the company's stock worth $318,000 after acquiring an additional 16,613 shares during the last quarter. Jane Street Group LLC lifted its position in Nerdy by 27.0% in the 2nd 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 in the last quarter. Finally, Bank of America Corp DE boosted its stake in Nerdy by 41.9% during 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 during the last quarter. Institutional investors own 39.10% of the company's stock.
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.
Further Reading
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