Key Points
- CEO Charles Cohn acquired 180,000 shares on Dec. 11 at $1.38 each for $248,400, increasing his stake to 32,315,503 shares (a 0.56% rise).
- Nerdy shares opened at $1.27 and are down 6.3%, trading in a 12‑month range of $0.77–$2.18; the company reported last quarter EPS of ($0.10) (beating estimates) with $37.02M in revenue and remains unprofitable with negative ROE and net margins.
- Analyst sentiment is weak overall — the consensus rating is “Reduce” with an average target of $1.25, while Cantor Fitzgerald cut its price target to $1.00 and Weiss Ratings maintains a sell.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn acquired 180,000 shares of the company's stock in a transaction dated Thursday, December 11th. The stock was acquired at an average price of $1.38 per share, with a total value of $248,400.00. Following the purchase, the chief executive officer owned 32,315,503 shares in the company, valued at approximately $44,595,394.14. This represents a 0.56% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Nerdy Stock Down 6.3%
NYSE NRDY opened at $1.27 on Tuesday. Nerdy Inc. has a twelve month low of $0.77 and a twelve month high of $2.18. The stock has a market cap of $236.97 million, a P/E ratio of -3.61 and a beta of 1.78. The company's 50-day simple moving average is $1.12 and its 200 day simple moving average is $1.35.
Nerdy (NYSE:NRDY - Get Free Report) last released its quarterly earnings data 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 return on equity of 81.74% and a negative net margin of 22.95%.The company had revenue of $37.02 million for the quarter, compared to analyst estimates of $38.77 million. Research analysts anticipate that Nerdy Inc. will post -0.43 earnings per share for the current year.
Analyst Ratings Changes
Several research analysts have issued reports on NRDY shares. Weiss Ratings reiterated a "sell (e+)" rating on shares of Nerdy in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Nerdy from a "sell" rating to a "hold" rating in a report on Sunday, November 16th. Finally, Cantor Fitzgerald decreased their price objective 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 investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $1.25.
View Our Latest Stock Analysis on Nerdy
Hedge Funds Weigh In On Nerdy
Large investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in 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 buying an additional 17,889 shares during the last quarter. Nuveen LLC acquired a new stake in Nerdy in the first quarter worth about $508,000. AQR Capital Management LLC raised its holdings in Nerdy by 67.9% during the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company's stock worth $53,000 after purchasing an additional 15,234 shares during the last quarter. Strs Ohio acquired a new position in Nerdy during the 1st quarter valued at about $56,000. Finally, Voya Investment Management LLC bought a new position in shares of Nerdy in the 1st quarter valued at about $30,000. 39.10% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
