Key Points
- CEO Charles Cohn bought 186,930 shares on December 4 at an average price of $1.37 (total ~$256,094), bringing his direct holdings to 31,421,881 shares — a 0.60% increase valued at about $43.05 million.
- Nerdy reported Q3 EPS of ($0.10), beating estimates of ($0.16) while revenue of $37.02 million missed expectations of $38.77 million, and the company still shows a negative net margin (22.95%) and negative ROE (81.74%).
- Market sentiment is cautious: market cap ~$243.9 million, 52-week range $0.77–$2.18, and analysts have an average rating of "Reduce" with a consensus target price of $1.25 after recent downgrades and trim in price targets.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn acquired 186,930 shares of the firm's stock in a transaction that occurred on Thursday, December 4th. The stock was acquired at an average price of $1.37 per share, with a total value of $256,094.10. Following the completion of the transaction, the chief executive officer directly owned 31,421,881 shares in the company, valued at $43,047,976.97. This trade represents a 0.60% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Nerdy Stock Performance
NYSE NRDY opened at $1.30 on Tuesday. The stock has a market cap of $243.90 million, a price-to-earnings ratio of -3.72 and a beta of 1.78. The business has a 50 day simple moving average of $1.11 and a 200 day simple moving average of $1.36. Nerdy Inc. has a 52-week low of $0.77 and a 52-week high of $2.18.
Nerdy (NYSE:NRDY - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, beating 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 analysts' expectations of $38.77 million. On average, analysts predict that Nerdy Inc. will post -0.43 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded Nerdy from a "sell" rating to a "hold" rating in a report on Sunday, November 16th. Cantor Fitzgerald reduced their price objective on Nerdy from $1.50 to $1.00 and set a "neutral" rating for the company in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Nerdy in a 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 MarketBeat.com, Nerdy has an average rating of "Reduce" and a consensus target price of $1.25.
Read Our Latest Report on Nerdy
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Voya Investment Management LLC bought a new stake in shares of Nerdy during the 1st quarter worth approximately $30,000. AQR Capital Management LLC increased its holdings in Nerdy by 67.9% during the first quarter. AQR Capital Management LLC now owns 37,660 shares of the company's stock worth $53,000 after buying an additional 15,234 shares during the last quarter. Strs Ohio acquired a new position in Nerdy during the first quarter worth $56,000. Bank of America Corp DE lifted its stake in Nerdy by 41.9% in the fourth quarter. Bank of America Corp DE now owns 60,565 shares of the company's stock valued at $98,000 after acquiring an additional 17,889 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of 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 acquiring an additional 17,768 shares during the period. 39.10% of the stock is owned by institutional investors and hedge funds.
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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