Nerdy (NYSE:NRDY) CEO Charles Cohn Buys 251,081 Shares

Nerdy Inc. (NYSE:NRDY) CEO Charles Cohn acquired 251,081 shares of the business’s stock in a transaction on Friday, June 12th. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $251,081.00. Following the completion of the transaction, the chief executive officer owned 728,304 shares in the company, valued at approximately $728,304. This represents a 52.61% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Nerdy Stock Down 1.9%

Shares of NYSE:NRDY opened at $0.98 on Monday. Nerdy Inc. has a 52-week low of $0.75 and a 52-week high of $1.74. The firm has a market capitalization of $185.93 million, a P/E ratio of -3.49 and a beta of 1.76. The stock has a 50 day moving average price of $0.86 and a 200-day moving average price 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.

Nerdy (NYSE:NRDY) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The business had revenue of $48.74 million for the quarter, compared to analyst estimates of $47.33 million. Nerdy had a negative net margin of 18.60% and a negative return on equity of 93.27%. As a group, equities research analysts anticipate that Nerdy Inc. will post -0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Nerdy in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $1.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NRDY. Virtu Financial LLC purchased a new stake in Nerdy in the fourth quarter worth approximately $25,000. Symmetry Peak Management LLC purchased a new stake in Nerdy during the 4th quarter valued at $26,000. Engineers Gate Manager LP purchased a new stake in Nerdy during the 4th quarter valued at $28,000. AQR Capital Management LLC lifted its holdings in shares of Nerdy by 67.9% during the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock valued at $53,000 after buying an additional 15,234 shares during the period. Finally, Strs Ohio purchased a new position in shares of Nerdy in the 1st quarter worth $56,000. 39.10% of the stock is owned by hedge funds and other institutional investors.

About Nerdy

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.