Key Points
- CEO Charles Cohn bought 80,708 shares on Nov. 28 at an average price of $1.32 (≈$106,535), raising his stake to 891,412 shares — a 9.96% increase.
- Nerdy’s latest quarter beat EPS estimates (‑$0.10 vs. ‑$0.16) but missed revenue, shows negative margins and ROE, trades around $1.20 with a $223.9M market cap, and carries a consensus "Reduce" rating with a $1.25 target.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn bought 80,708 shares of the company's stock in a transaction that occurred on Friday, November 28th. The stock was purchased at an average cost of $1.32 per share, for a total transaction of $106,534.56. Following the transaction, the chief executive officer owned 891,412 shares in the company, valued at $1,176,663.84. The trade was a 9.96% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Nerdy Stock Down 2.8%
NYSE:NRDY opened at $1.20 on Wednesday. The company has a market cap of $223.86 million, a P/E ratio of -3.41 and a beta of 1.78. Nerdy Inc. has a twelve month low of $0.77 and a twelve month high of $2.18. The business has a 50 day moving average price of $1.11 and a two-hundred day moving average price of $1.37.
Nerdy (NYSE:NRDY - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.06. The business 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%. As a group, analysts anticipate that Nerdy Inc. will post -0.43 earnings per share for the current fiscal year.
Institutional Trading of Nerdy
Institutional investors and hedge funds have recently bought and sold shares of the business. Voya Investment Management LLC acquired a new stake in shares of Nerdy in the first quarter valued at approximately $30,000. AQR Capital Management LLC increased its holdings in shares of 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 acquiring an additional 15,234 shares during the last quarter. Strs Ohio bought a new stake in Nerdy in the 1st quarter valued at $56,000. Bank of America Corp DE boosted its position in Nerdy by 41.9% during the fourth quarter. Bank of America Corp DE now owns 60,565 shares of the company's stock worth $98,000 after purchasing an additional 17,889 shares during the period. Finally, Jane Street Group LLC boosted its position in Nerdy by 27.0% during the second quarter. Jane Street Group LLC now owns 83,470 shares of the company's stock worth $136,000 after purchasing an additional 17,768 shares during the period. Institutional investors own 39.10% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently commented on NRDY. Wall Street Zen upgraded shares of Nerdy from a "sell" rating to a "hold" rating in a research note on Sunday, November 16th. Weiss Ratings restated a "sell (e+)" rating on shares of Nerdy in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald lowered their price target on 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 issued a Sell rating to the company. According to MarketBeat, Nerdy has a consensus rating of "Reduce" and a consensus target price of $1.25.
Check Out Our Latest Stock 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.
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