Key Points
- Charles Cohn acquired 197,242 shares of Nerdy (NRDY) on Dec. 16 at an average price of $1.22, a ~$240,635 purchase that increased his direct stake to 32,867,174 shares (a 0.60% ownership bump, holdings worth ≈$40.1M).
- Nerdy shares opened at $1.18 (52-week range $0.77–$2.02) with a market cap of $220.1M; the company reported negative EPS and a revenue miss last quarter, and analysts carry an average “Reduce” rating with an average target of $1.25.
Nerdy Inc. (NYSE:NRDY - Get Free Report) insider Christopher Swenson sold 19,204 shares of Nerdy stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $1.20, for a total transaction of $23,044.80. Following the completion of the sale, the insider owned 1,490,383 shares of the company's stock, valued at $1,788,459.60. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Nerdy Trading Up 3.1%
NYSE NRDY opened at $1.18 on Friday. The company has a fifty day simple moving average of $1.11 and a two-hundred day simple moving average of $1.35. The stock has a market cap of $220.12 million, a P/E ratio of -3.36 and a beta of 1.78. Nerdy Inc. has a 12-month low of $0.77 and a 12-month high of $2.02.
Nerdy (NYSE:NRDY - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share 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 for the quarter, compared to analyst estimates of $38.77 million. As a group, sell-side analysts forecast that Nerdy Inc. will post -0.43 earnings per share for the current year.
Institutional Trading of Nerdy
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. raised its position in Nerdy by 0.4% during the second quarter. Franklin Resources Inc. now owns 3,650,255 shares of the company's stock valued at $5,950,000 after acquiring an additional 15,674 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Nerdy during the 1st quarter worth approximately $508,000. Moneta Group Investment Advisors LLC grew its stake in shares of Nerdy by 170.7% during the 3rd 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. Marshall Wace LLP purchased a new position in shares of Nerdy during the 2nd quarter valued at approximately $221,000. Finally, Bank of America Corp DE lifted its stake in shares of Nerdy by 236.2% in the 2nd quarter. Bank of America Corp DE now owns 123,534 shares of the company's stock valued at $201,000 after purchasing an additional 86,791 shares during the period. 39.10% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Cantor Fitzgerald cut their price objective on Nerdy from $1.50 to $1.00 and set a "neutral" rating on the stock in a report on Friday, November 7th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Nerdy in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Nerdy from a "sell" rating to a "hold" rating in a research report on Sunday, November 16th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $1.25.
Read Our Latest Stock Analysis 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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