Key Points
- CEO Charles Cohn bought 184,491 shares on Dec. 8 at an average price of $1.33 (about $245,373), increasing his holdings 0.58% to 31,784,341 shares valued at roughly $42.3M.
- Nerdy trades near $1.37 with a market cap of ~$255.7M and negative profitability (P/E -3.90); it reported EPS of -$0.10 (beat estimates) but missed revenue, and analysts hold a consensus "Reduce" rating with a $1.25 price target.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn acquired 184,491 shares of the company's stock in a transaction on Monday, December 8th. The stock was acquired at an average cost of $1.33 per share, for a total transaction of $245,373.03. Following the completion of the acquisition, the chief executive officer owned 31,784,341 shares of the company's stock, valued at $42,273,173.53. This trade represents a 0.58% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Nerdy Stock Performance
Nerdy stock opened at $1.37 on Thursday. The company's fifty day moving average price is $1.11 and its 200 day moving average price is $1.36. The stock has a market capitalization of $255.71 million, a P/E ratio of -3.90 and a beta of 1.78. Nerdy Inc. has a 1 year low of $0.77 and a 1 year high of $2.18.
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. The business 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%. Sell-side analysts predict that Nerdy Inc. will post -0.43 EPS for the current year.
Hedge Funds Weigh In On Nerdy
A number of hedge funds have recently modified their holdings of NRDY. Voya Investment Management LLC purchased a new position in Nerdy during the first quarter worth about $30,000. AQR Capital Management LLC increased its stake in shares of 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 period. Strs Ohio acquired a new position in Nerdy during the 1st quarter worth approximately $56,000. Bank of America Corp DE increased its position in shares of Nerdy by 41.9% in the 4th quarter. Bank of America Corp DE now owns 60,565 shares of the company's stock valued at $98,000 after purchasing an additional 17,889 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings 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 purchasing an additional 17,768 shares in the last quarter. 39.10% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on NRDY. Cantor Fitzgerald reduced their target price on shares of 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 raised Nerdy from a "sell" rating to a "hold" rating in a report on Sunday, November 16th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Nerdy in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $1.25.
Check Out Our Latest Analysis on NRDY
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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