Key Points
- CEO Charles Cohn purchased 180,353 shares at an average price of $1.38 on Dec. 12, a $248,887 transaction that raised his stake to 32,495,856 shares (a 0.56% increase).
- Nerdy stock is down 5.1% and opened at $1.21; the company has a $225.7M market cap, a 12‑month range of $0.77–$2.18, and recently reported EPS of ($0.10) that beat estimates while revenue of $37.02M missed expectations.
- Analysts hold a consensus "Reduce" rating with a $1.25 target, and Cantor Fitzgerald recently cut its price target to $1.00.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn purchased 180,353 shares of the stock in a transaction on Friday, December 12th. The shares were bought at an average cost of $1.38 per share, for a total transaction of $248,887.14. Following the transaction, the chief executive officer directly owned 32,495,856 shares in the company, valued at approximately $44,844,281.28. The trade was a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Nerdy Stock Down 5.1%
Shares of Nerdy stock opened at $1.21 on Wednesday. Nerdy Inc. has a 12-month low of $0.77 and a 12-month high of $2.18. The business's 50 day moving average is $1.12 and its 200-day moving average is $1.35. The stock has a market cap of $225.73 million, a P/E ratio of -3.44 and a beta of 1.78.
Nerdy (NYSE:NRDY - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $37.02 million during the quarter, compared to analysts' expectations of $38.77 million. On average, sell-side analysts expect that Nerdy Inc. will post -0.43 EPS for the current year.
Institutional Investors Weigh In On Nerdy
A number of institutional investors have recently modified their holdings of the business. Voya Investment Management LLC acquired a new position in shares of Nerdy in the first quarter valued at about $30,000. AQR Capital Management LLC boosted its holdings 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 purchasing an additional 15,234 shares during the period. Strs Ohio bought a new stake in Nerdy in the 1st quarter valued at about $56,000. Bank of America Corp DE grew its position in shares of Nerdy by 41.9% during the 4th quarter. Bank of America Corp DE now owns 60,565 shares of the company's stock worth $98,000 after purchasing an additional 17,889 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Nerdy by 27.0% during the second quarter. Jane Street Group LLC now owns 83,470 shares of the company's stock worth $136,000 after purchasing an additional 17,768 shares during the period. Institutional investors own 39.10% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on NRDY shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Nerdy in a research report 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 target 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 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, the company has a consensus rating of "Reduce" and a consensus target price of $1.25.
View Our Latest Research Report on NRDY
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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