Key Points
- CEO Charles Cohn bought 174,076 shares at $1.36 on Dec. 15 for $236,743.36, increasing his holdings to 32,669,932 shares (a 0.54% rise) valued at roughly $44.43 million per the SEC filing.
- Nerdy trades around $1.15 (12‑month range $0.77–$2.02) with a $214.5M market cap and remains unprofitable (PE -3.30); it beat EPS estimates last quarter (-$0.10 vs. -$0.16) but missed revenue, and analysts carry a consensus “Reduce” rating with a $1.25 target.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn purchased 174,076 shares of the business's stock in a transaction on Monday, December 15th. The stock was acquired at an average price of $1.36 per share, for a total transaction of $236,743.36. Following the completion of the purchase, the chief executive officer owned 32,669,932 shares of the company's stock, valued at $44,431,107.52. This represents a 0.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Nerdy Price Performance
Shares of NRDY traded up $0.01 during mid-day trading on Thursday, reaching $1.15. The company's stock had a trading volume of 130,486 shares, compared to its average volume of 774,161. Nerdy Inc. has a 12-month low of $0.77 and a 12-month high of $2.02. The stock has a market cap of $214.49 million, a PE ratio of -3.30 and a beta of 1.78. The company's 50 day moving average is $1.11 and its 200 day moving average is $1.35.
Nerdy (NYSE:NRDY - Get Free Report) last announced its quarterly 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. Nerdy had a negative return on equity of 81.74% and a negative net margin of 22.95%.The firm had revenue of $37.02 million during the quarter, compared to the consensus estimate of $38.77 million. As a group, sell-side analysts anticipate that Nerdy Inc. will post -0.43 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
NRDY has been the subject of a number of research reports. Wall Street Zen raised shares of Nerdy from a "sell" rating to a "hold" rating in a research report on Sunday, November 16th. Cantor Fitzgerald decreased their target price on Nerdy from $1.50 to $1.00 and set a "neutral" rating for the company in a research report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Nerdy in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $1.25.
View Our Latest Stock Analysis on NRDY
Institutional Investors Weigh In On Nerdy
Several hedge funds have recently made changes to their positions in NRDY. Nuveen LLC acquired a new position in Nerdy in the 1st quarter valued at about $508,000. Voya Investment Management LLC purchased a new stake in shares of Nerdy during the first quarter worth approximately $30,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of Nerdy by 170.7% during the third quarter. Moneta Group Investment Advisors LLC now owns 237,883 shares of the company's stock worth $300,000 after purchasing an additional 150,000 shares during the period. Bank of America Corp DE lifted its holdings in shares of Nerdy by 236.2% during the second quarter. Bank of America Corp DE now owns 123,534 shares of the company's stock worth $201,000 after purchasing an additional 86,791 shares during the period. Finally, Jane Street Group LLC grew its position in 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 buying an additional 17,768 shares during the last quarter. Institutional investors and hedge funds own 39.10% of the company's stock.
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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