Nerdy Inc. (NYSE:NRDY - Get Free Report) CEO Charles Cohn bought 251,081 shares of the firm's stock in a transaction on Friday, June 12th. The stock was acquired at an average cost of $1.00 per share, with a total value of $251,081.00. Following the transaction, the chief executive officer owned 728,304 shares in the company, valued at $728,304. The trade was a 52.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Nerdy Price Performance
Shares of NYSE:NRDY opened at $0.94 on Tuesday. Nerdy Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $1.74. The business has a 50-day simple moving average of $0.87 and a two-hundred day simple moving average of $0.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a market cap of $177.94 million, a price-to-earnings ratio of -3.34 and a beta of 1.76.
Nerdy (NYSE:NRDY - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.02. Nerdy had a negative return on equity of 93.27% and a negative net margin of 18.60%.The business had revenue of $48.74 million during the quarter, compared to analyst estimates of $47.33 million. On average, analysts expect that Nerdy Inc. will post -0.18 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Nerdy in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $1.00.
Check Out Our Latest Stock Analysis on Nerdy
Hedge Funds Weigh In On Nerdy
Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of Nerdy by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,557,017 shares of the company's stock valued at $1,620,000 after purchasing an additional 17,325 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of Nerdy by 62.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 265,100 shares of the company's stock valued at $276,000 after purchasing an additional 102,400 shares during the period. 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 valued at $300,000 after purchasing an additional 150,000 shares during the period. Marshall Wace LLP bought a new stake in shares of Nerdy during the 2nd quarter valued at about $221,000. Finally, Bank of America Corp DE grew its stake in shares of Nerdy by 236.2% during 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. Hedge funds and other institutional investors own 39.10% of the company's stock.
About Nerdy
(
Get Free Report)
Nerdy, Inc (NYSE:NRDY) is an American education technology company that operates a live online learning marketplace. Through its flagship Varsity Tutors platform, the company connects students, professionals and lifelong learners with a network of thousands of educators for personalized one-on-one tutoring, group classes and test preparation. The platform leverages proprietary matching algorithms to pair learners with instructors based on subject expertise, learning style and scheduling preferences.
Founded in 2007 by entrepreneur Chuck Cohn, Nerdy began as Varsity Tutors in Washington, DC, before establishing its headquarters in St.
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