Key Points
- Insider purchase: CEO Charles Cohn bought 119,242 shares on Nov. 25 at an average of $1.16 per share for $138,320.72, raising his direct ownership by 9.34% to 1,395,524 shares (about $1.62M); the trade was disclosed in an SEC filing.
- Recent results show mixed fundamentals: Nerdy reported Q (last quarter) EPS of -$0.10, beating the -$0.16 consensus, but revenue missed at $37.02M versus $38.77M, and the company remains unprofitable with a -22.95% net margin and -81.74% ROE.
- Market and analyst sentiment: Shares were up about 7.2% on the news, but analysts have a consensus "Reduce" rating with an average target of $1.25 (two Holds, one Sell), and institutional investors own roughly 39.1% of the stock.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn acquired 119,242 shares of the firm's stock in a transaction dated Tuesday, November 25th. The stock was bought at an average cost of $1.16 per share, for a total transaction of $138,320.72. Following the purchase, the chief executive officer directly owned 1,395,524 shares of the company's stock, valued at approximately $1,618,807.84. This trade represents a 9.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Nerdy Trading Up 7.2%
Shares of NYSE:NRDY opened at $1.34 on Friday. The stock has a 50 day moving average of $1.11 and a 200 day moving average of $1.38. The company has a market cap of $251.02 million, a PE ratio of -3.83 and a beta of 1.82. Nerdy Inc. has a 12-month low of $0.77 and a 12-month high of $2.18.
Nerdy (NYSE:NRDY - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, topping 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 analysts' expectations of $38.77 million. Nerdy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts predict that Nerdy Inc. will post -0.43 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nerdy
Several institutional investors have recently bought and sold shares of NRDY. Franklin Resources Inc. increased its holdings in Nerdy by 0.4% in the 2nd quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company's stock valued at $5,950,000 after acquiring an additional 15,674 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Nerdy during the first quarter valued at about $649,000. Nuveen LLC purchased a new position in shares of Nerdy during the first quarter valued at about $508,000. Moneta Group Investment Advisors LLC increased its holdings in shares of Nerdy by 170.7% in the third quarter. Moneta Group Investment Advisors LLC now owns 237,883 shares of the company's stock worth $300,000 after purchasing an additional 150,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position 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 worth $318,000 after buying an additional 16,613 shares in the last quarter. 39.10% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently weighed in on NRDY shares. Weiss Ratings restated a "sell (e+)" rating on shares of Nerdy in a research note on Wednesday, October 8th. Cantor Fitzgerald lowered their price objective on Nerdy from $1.50 to $1.00 and set a "neutral" rating on the stock in a research report on Friday, November 7th. Finally, Wall Street Zen raised Nerdy from a "sell" rating to a "hold" rating in a research note on Sunday, November 16th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Nerdy has a consensus rating of "Reduce" and an average target price of $1.25.
Check Out Our Latest Research Report on NRDY
Nerdy Company Profile
(
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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