Nerdy (NYSE:NRDY) CEO Charles Cohn Purchases 238,749 Shares

Nerdy Inc. (NYSE:NRDY) CEO Charles Cohn bought 238,749 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average price of $1.05 per share, for a total transaction of $250,686.45. Following the acquisition, the chief executive officer directly owned 1,276,282 shares of the company’s stock, valued at $1,340,096.10. This represents a 23.01% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Nerdy Stock Up 4.6%

Shares of NRDY stock traded up $0.06 on Wednesday, reaching $1.26. The stock had a trading volume of 483,342 shares, compared to its average volume of 715,505. Nerdy Inc. has a 12 month low of $0.77 and a 12 month high of $2.18. The firm has a market capitalization of $235.10 million, a price-to-earnings ratio of -3.58 and a beta of 1.82. The firm’s 50-day moving average is $1.11 and its two-hundred day moving average is $1.39.

Nerdy (NYSE:NRDY) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $37.02 million for the quarter, compared to analyst estimates of $38.77 million. Nerdy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Nerdy Inc. will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nerdy

Several institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC acquired a new stake in Nerdy in the first quarter valued at approximately $30,000. AQR Capital Management LLC increased its stake in 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 purchasing an additional 15,234 shares in the last quarter. Strs Ohio acquired a new position in Nerdy during the first quarter worth $56,000. Bank of America Corp DE lifted its position in Nerdy by 41.9% in the 4th quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock valued at $98,000 after acquiring an additional 17,889 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Nerdy by 27.0% in the second quarter. Jane Street Group LLC now owns 83,470 shares of the company’s stock valued at $136,000 after purchasing an additional 17,768 shares during the last quarter. 39.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.