Key Points
- CEO Charles Cohn bought 198,100 shares at $1.26 on Dec. 2 for $249,606, raising his stake to 1,278,512 shares — an 18.34% increase in ownership.
- Shares rose about 4.8% to $1.43 after the trade; Nerdy has a market cap of $266.95M, a 52‑week range of $0.77–$2.18, and a negative P/E of -4.10.
- Nerdy reported EPS of -$0.10 (beat -$0.16 estimate) but revenue of $37.02M missed expectations, the company shows negative margins/ROE, and analysts carry a consensus "Reduce" rating with a $1.25 target.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn acquired 198,100 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average price of $1.26 per share, with a total value of $249,606.00. Following the completion of the transaction, the chief executive officer owned 1,278,512 shares in the company, valued at $1,610,925.12. This represents a 18.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Nerdy Trading Up 4.8%
Nerdy stock traded up $0.07 during mid-day trading on Friday, reaching $1.43. The company had a trading volume of 158,107 shares, compared to its average volume of 728,925. Nerdy Inc. has a fifty-two week low of $0.77 and a fifty-two week high of $2.18. The company has a market cap of $266.95 million, a P/E ratio of -4.10 and a beta of 1.78. The business has a fifty day simple moving average of $1.11 and a 200 day simple moving average of $1.37.
Nerdy (NYSE:NRDY - Get Free Report) last announced 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 company had revenue of $37.02 million during the quarter, compared to the consensus estimate of $38.77 million. Research analysts forecast that Nerdy Inc. will post -0.43 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Nerdy in the 1st quarter worth approximately $508,000. Moneta Group Investment Advisors LLC raised its stake in Nerdy by 170.7% during the third quarter. Moneta Group Investment Advisors LLC now owns 237,883 shares of the company's stock worth $300,000 after buying an additional 150,000 shares during the last quarter. Marshall Wace LLP acquired a new position in Nerdy in the second quarter valued at $221,000. XTX Topco Ltd bought a new stake in Nerdy during the first quarter valued at $188,000. Finally, Bank of America Corp DE boosted its position in Nerdy by 236.2% during the second quarter. Bank of America Corp DE now owns 123,534 shares of the company's stock valued at $201,000 after acquiring an additional 86,791 shares during the last quarter. Institutional investors own 39.10% of the company's stock.
Analyst Ratings Changes
Several equities analysts have commented on the company. Cantor Fitzgerald dropped their target price on Nerdy from $1.50 to $1.00 and set a "neutral" rating for the company in a research report on Friday, November 7th. Wall Street Zen upgraded shares of Nerdy from a "sell" rating to a "hold" rating in a report on Sunday, November 16th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Nerdy in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $1.25.
Read Our Latest 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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