Key Points
- CEO Charles Cohn bought 144,783 shares on Nov. 26 at an average price of $1.25 (≈$180,979), boosting his ownership to 1,540,307 shares—a 10.37% increase valued at about $1.925M.
- Nerdy trades around $1.24 with a $231M market cap; it reported Q‑quarter EPS of -$0.10 (beats) but missed revenue, has negative ROE/net margin, and carries a consensus "Reduce" rating with a $1.25 target.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn bought 144,783 shares of the firm's stock in a transaction that occurred on Wednesday, November 26th. The stock was acquired at an average cost of $1.25 per share, with a total value of $180,978.75. Following the transaction, the chief executive officer owned 1,540,307 shares of the company's stock, valued at $1,925,383.75. This represents a 10.37% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Nerdy Price Performance
Nerdy stock opened at $1.24 on Tuesday. The company has a market cap of $231.35 million, a price-to-earnings ratio of -3.53 and a beta of 1.78. The firm has a 50-day moving average of $1.11 and a 200-day moving average of $1.37. Nerdy Inc. has a one year low of $0.77 and a one 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, topping the consensus estimate of ($0.16) by $0.06. Nerdy had a negative return on equity of 81.74% and a negative net margin of 22.95%.The business 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. As a group, sell-side analysts expect that Nerdy Inc. will post -0.43 earnings per share for the current year.
Hedge Funds Weigh In On Nerdy
Institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new stake in shares of Nerdy during the 1st quarter worth about $649,000. Nuveen LLC acquired a new position in Nerdy in the 1st quarter valued at about $508,000. Voya Investment Management LLC bought a new position in Nerdy in the 1st quarter valued at about $30,000. XTX Topco Ltd acquired a new stake in Nerdy during the first quarter worth approximately $188,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Nerdy by 8.0% during the first 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 period. 39.10% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Weiss Ratings reissued a "sell (e+)" rating on shares of Nerdy in a research note on Wednesday, October 8th. Cantor Fitzgerald decreased their price objective on shares of Nerdy from $1.50 to $1.00 and set a "neutral" rating for the company in a research report on Friday, November 7th. Finally, Wall Street Zen upgraded shares of Nerdy from a "sell" rating to a "hold" rating in a research note on Sunday, November 16th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $1.25.
Check Out Our Latest Research Report on Nerdy
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.
Further Reading
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