Nerdy (NYSE:NRDY) CEO Charles Cohn Purchases 219,019 Shares

Nerdy Inc. (NYSE:NRDY) CEO Charles Cohn purchased 219,019 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was acquired at an average price of $0.91 per share, for a total transaction of $199,307.29. Following the purchase, the chief executive officer owned 219,019 shares of the company’s stock, valued at approximately $199,307.29. This represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Nerdy Trading Up 6.6%

NYSE:NRDY opened at $0.96 on Friday. 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 Inc. has a one year low of $0.75 and a one year high of $1.78. The business’s 50-day simple moving average is $0.86 and its 200 day simple moving average is $0.98. The stock has a market cap of $182.13 million, a price-to-earnings ratio of -3.42 and a beta of 1.76.

Nerdy (NYSE:NRDY) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $47.33 million. As a group, sell-side analysts predict that Nerdy Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its position in shares of Nerdy by 67.9% in the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock worth $53,000 after buying an additional 15,234 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Nerdy by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,557,017 shares of the company’s stock worth $1,620,000 after buying an additional 17,325 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Nerdy by 27.0% in the 2nd quarter. Jane Street Group LLC now owns 83,470 shares of the company’s stock worth $136,000 after buying an additional 17,768 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Nerdy by 41.9% in the 4th quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock worth $98,000 after buying an additional 17,889 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Nerdy in the 4th quarter worth about $25,000. 39.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nerdy in a research note on Tuesday, April 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $1.00.

Nerdy Company Profile

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.