Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn bought 177,969 shares of Nerdy stock in a transaction on Friday, December 5th. The stock was acquired at an average price of $1.40 per share, for a total transaction of $249,156.60. Following the purchase, the chief executive officer owned 31,599,850 shares of the company's stock, valued at approximately $44,239,790. This trade represents a 0.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Nerdy Trading Up 8.0%
Shares of NRDY opened at $1.42 on Wednesday. The firm has a market capitalization of $265.08 million, a P/E ratio of -4.04 and a beta of 1.78. Nerdy Inc. has a 12-month low of $0.77 and a 12-month high of $2.18. The firm has a fifty day moving average price of $1.11 and a 200-day moving average price of $1.36.
Nerdy (NYSE:NRDY - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.06. The company had revenue of $37.02 million during the quarter, compared to analysts' expectations of $38.77 million. Nerdy had a negative net margin of 22.95% and a negative return on equity of 81.74%. Analysts predict that Nerdy Inc. will post -0.43 earnings per share for the current year.
Analyst Upgrades and Downgrades
NRDY has been the topic of several research analyst reports. Wall Street Zen raised Nerdy from a "sell" rating to a "hold" rating in a research note on Sunday, November 16th. Weiss Ratings reissued a "sell (e+)" rating on shares of Nerdy in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald decreased their price objective on Nerdy from $1.50 to $1.00 and set a "neutral" rating for the company in a 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's stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $1.25.
Get Our Latest Analysis on NRDY
Institutional Investors Weigh In On Nerdy
Hedge funds have recently made changes to their positions in the stock. Nuveen LLC purchased a new position in Nerdy in the first quarter valued at about $508,000. Voya Investment Management LLC purchased a new stake in shares of Nerdy during the first quarter valued at about $30,000. XTX Topco Ltd bought a new stake in shares of Nerdy in the 1st quarter valued at about $188,000. Moneta Group Investment Advisors LLC grew its position in shares of Nerdy by 170.7% in the 3rd 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. Finally, Marshall Wace LLP purchased a new position in shares of Nerdy in the 2nd quarter worth approximately $221,000. 39.10% of the stock is currently owned by hedge funds and other institutional investors.
About Nerdy
(
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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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