Key Points
- CEO Charles Cohn purchased 176,215 shares of Nerdy on Dec. 9 at $1.44 each (a $253,749.60 transaction), boosting his stake to 31,960,556 shares — a 0.55% ownership increase with holdings worth about $46.0M.
- Nerdy's fundamentals remain weak: market cap ≈ $252M, a negative PE (-3.84), 52‑week range $0.77–$2.18, and the latest quarter showed an EPS beat (-$0.10 vs. -$0.16) but missed revenue and reported a -22.95% net margin and -81.74% ROE.
- Analyst and institutional activity is mixed — Wall Street Zen moved to a "hold" while Weiss and Cantor Fitzgerald remain negative (Cantor cut its price target to $1.00); the consensus from MarketBeat is "Reduce" with an average target of $1.25, and institutional investors own about 39.1% of the stock.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn bought 176,215 shares of the business's stock in a transaction that occurred on Tuesday, December 9th. The shares were acquired at an average price of $1.44 per share, for a total transaction of $253,749.60. Following the transaction, the chief executive officer owned 31,960,556 shares in the company, valued at $46,023,200.64. This represents a 0.55% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Nerdy Stock Performance
Shares of NRDY opened at $1.35 on Friday. The firm has a market cap of $251.96 million, a PE ratio of -3.84 and a beta of 1.78. Nerdy Inc. has a 52-week low of $0.77 and a 52-week high of $2.18. The business's 50 day moving average price is $1.11 and its two-hundred day moving average price is $1.36.
Nerdy (NYSE:NRDY - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.06. The company had revenue of $37.02 million for the quarter, compared to the consensus estimate of $38.77 million. Nerdy had a negative net margin of 22.95% and a negative return on equity of 81.74%. Research analysts predict that Nerdy Inc. will post -0.43 EPS for the current fiscal year.
Institutional Investors Weigh In On Nerdy
Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in Nerdy by 41.9% during the 4th 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 in the last quarter. XTX Topco Ltd purchased a new position in Nerdy during the first quarter worth about $188,000. Nuveen LLC bought a new stake in Nerdy in the 1st quarter worth about $508,000. AQR Capital Management LLC increased its stake in Nerdy by 67.9% in the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company's stock valued at $53,000 after buying an additional 15,234 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Nerdy during the 1st quarter worth approximately $56,000. 39.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
NRDY has been the subject of several research reports. Wall Street Zen upgraded Nerdy from a "sell" rating to a "hold" rating in a research note on Sunday, November 16th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Nerdy in a report on Wednesday, October 8th. Finally, 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 note on Friday, November 7th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $1.25.
View Our Latest Stock Report on Nerdy
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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