Nerdy (NYSE:NRDY) CEO Charles Cohn Buys 144,783 Shares

Nerdy Inc. (NYSE:NRDY) CEO Charles Cohn acquired 144,783 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was acquired at an average price of $1.25 per share, for a total transaction of $180,978.75. Following the completion of the purchase, the chief executive officer directly owned 1,540,307 shares of the company’s stock, valued at $1,925,383.75. This trade represents a 10.37% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Nerdy Price Performance

NYSE:NRDY opened at $1.34 on Monday. The stock has a market cap of $251.03 million, a P/E ratio of -3.83 and a beta of 1.82. The company has a fifty day moving average price of $1.11 and a 200 day moving average price of $1.38. Nerdy Inc. has a one year low of $0.77 and a one year high of $2.18.

Nerdy (NYSE:NRDY) last announced its quarterly earnings data 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 business had revenue of $37.02 million during the quarter, compared to analyst estimates of $38.77 million. Nerdy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Nerdy Inc. will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NRDY. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nerdy in a research note on Wednesday, October 8th. Cantor Fitzgerald reduced their target price on Nerdy from $1.50 to $1.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Finally, Wall Street Zen upgraded Nerdy from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $1.25.

Hedge Funds Weigh In On Nerdy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in shares of Nerdy during the 1st quarter worth about $649,000. Nuveen LLC bought a new position in Nerdy during the 1st quarter worth approximately $508,000. Moneta Group Investment Advisors LLC increased its stake in Nerdy by 170.7% in the third 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 in the last quarter. Marshall Wace LLP bought a new position in shares of Nerdy during the second quarter worth $221,000. Finally, XTX Topco Ltd acquired a new position in Nerdy during the 1st quarter worth approximately $188,000. 39.10% of the stock is owned by institutional investors.

Nerdy Company Profile

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.