Key Points
- CEO Charles Cohn bought 189,000 shares of NRDY on Dec. 1 at $1.32 each (total $249,480), boosting his stake 21.20% to 1,080,412 shares valued at roughly $1.43M.
- Nerdy trades near $1.31 (52‑week range $0.77–$2.18) with a ~$246M market cap; it beat quarterly EPS estimates (‑$0.10 vs. est. ‑$0.16) but has negative margins/ROE and a consensus analyst rating of "Reduce" with a $1.25 target.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn bought 189,000 shares of the firm's stock in a transaction on Monday, December 1st. The shares were bought at an average cost of $1.32 per share, for a total transaction of $249,480.00. Following the purchase, the chief executive officer owned 1,080,412 shares of the company's stock, valued at approximately $1,426,143.84. The trade was a 21.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Nerdy Stock Performance
Shares of NRDY opened at $1.31 on Thursday. Nerdy Inc. has a 52 week low of $0.77 and a 52 week high of $2.18. The stock has a market capitalization of $246.16 million, a price-to-earnings ratio of -3.75 and a beta of 1.78. The stock has a fifty day moving average of $1.10 and a 200-day moving average of $1.37.
Nerdy (NYSE:NRDY - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates 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. As a group, equities analysts forecast that Nerdy Inc. will post -0.43 EPS for the current year.
Institutional Trading of Nerdy
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NRDY. Moneta Group Investment Advisors LLC raised its holdings in Nerdy by 170.7% during the 3rd 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. Bank of America Corp DE raised its stake in Nerdy by 236.2% during the second quarter. Bank of America Corp DE now owns 123,534 shares of the company's stock worth $201,000 after buying an additional 86,791 shares during the last quarter. Jane Street Group LLC raised its stake 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 buying an additional 17,768 shares during the last quarter. Marshall Wace LLP acquired a new position in Nerdy in the second quarter valued at $221,000. Finally, Franklin Resources Inc. boosted its position in Nerdy by 0.4% during the second 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. Institutional investors and hedge funds own 39.10% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Wall Street Zen raised 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 report on Wednesday, October 8th. Finally, Cantor Fitzgerald dropped their price target on shares of Nerdy from $1.50 to $1.00 and set a "neutral" rating for the company in a research note on Friday, November 7th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $1.25.
Read Our Latest Stock Report on Nerdy
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.
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