Key Points
- CEO Charles Cohn purchased 181,672 shares at an average of $1.31 (totaling $237,990.32), increasing his holding to 31,234,951 shares (a 0.59% rise).
- Nerdy beat Q results on EPS (‑$0.10 vs. consensus ‑$0.16) but missed on revenue ($37.02M vs. $38.77M); the stock trades around $1.32 with a 52‑week range of $0.77–$2.18 and a market cap of ~$247.3M, while margins and ROE remain negative.
- Analyst and investor sentiment is cautious — the stock has an average rating of "Reduce" with an average price target of $1.25 (Cantor Fitzgerald cut its target to $1.00) and institutional investors own about 39.1% of shares.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn purchased 181,672 shares of the business's stock in a transaction that occurred on Wednesday, December 3rd. The stock was bought at an average cost of $1.31 per share, with a total value of $237,990.32. Following the acquisition, the chief executive officer owned 31,234,951 shares in the company, valued at $40,917,785.81. This represents a 0.59% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Nerdy Stock Down 2.9%
NRDY opened at $1.32 on Friday. The firm's fifty day simple moving average is $1.11 and its two-hundred day simple moving average is $1.37. Nerdy Inc. has a 52-week low of $0.77 and a 52-week high of $2.18. The company has a market cap of $247.28 million, a price-to-earnings ratio of -3.77 and a beta of 1.78.
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 business had revenue of $37.02 million during the quarter, compared to analysts' expectations of $38.77 million. On average, research analysts forecast that Nerdy Inc. will post -0.43 EPS for the current year.
Hedge Funds Weigh In On Nerdy
Institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC purchased a new stake in Nerdy in the 1st quarter valued at $30,000. AQR Capital Management LLC grew its holdings in shares of Nerdy by 67.9% in the first quarter. AQR Capital Management LLC now owns 37,660 shares of the company's stock valued at $53,000 after purchasing an additional 15,234 shares during the period. Strs Ohio acquired a new stake in Nerdy during the first quarter worth about $56,000. Bank of America Corp DE raised its stake 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 holdings in Nerdy by 27.0% in the 2nd quarter. Jane Street Group LLC now owns 83,470 shares of the company's stock valued at $136,000 after purchasing an additional 17,768 shares during the last quarter. Hedge funds and other institutional investors own 39.10% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have commented on NRDY shares. Weiss Ratings reissued a "sell (e+)" rating on shares of Nerdy in a report on Wednesday, October 8th. Wall Street Zen raised Nerdy from a "sell" rating to a "hold" rating in a research note on Sunday, November 16th. Finally, Cantor Fitzgerald lowered their target price on shares of Nerdy from $1.50 to $1.00 and set a "neutral" rating on the stock 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $1.25.
View Our Latest Research Report on NRDY
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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