Nerdy (NYSE:NRDY) CEO Purchases $236,743.36 in Stock

Nerdy Inc. (NYSE:NRDY) CEO Charles Cohn bought 174,076 shares of the business’s stock in a transaction on Monday, December 15th. The stock was bought at an average cost of $1.36 per share, with a total value of $236,743.36. Following the transaction, the chief executive officer owned 32,669,932 shares in the company, valued at $44,431,107.52. This trade represents a 0.54% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Nerdy Price Performance

NYSE NRDY opened at $1.23 on Friday. The stock has a market capitalization of $229.48 million, a price-to-earnings ratio of -3.50 and a beta of 1.78. Nerdy Inc. has a 1-year low of $0.77 and a 1-year high of $2.02. The business’s fifty day moving average price is $1.11 and its 200-day moving average price is $1.34.

Nerdy (NYSE:NRDY) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.06. Nerdy had a negative return on equity of 81.74% and a negative net margin of 22.95%.The company had revenue of $37.02 million during the quarter, compared to analyst estimates of $38.77 million. Equities research analysts anticipate that Nerdy Inc. will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Nerdy

Large investors have recently made changes to their positions in the company. Voya Investment Management LLC bought a new position in Nerdy during the first quarter valued at approximately $30,000. AQR Capital Management LLC boosted its position 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 acquiring an additional 15,234 shares during the last quarter. Strs Ohio purchased a new position in shares of Nerdy in the first quarter valued at $56,000. Bank of America Corp DE increased its position in Nerdy by 41.9% in the fourth quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock worth $98,000 after purchasing an additional 17,889 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Nerdy by 27.0% during 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 in the last quarter. 39.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Nerdy from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Cantor Fitzgerald dropped their price target on shares of Nerdy from $1.50 to $1.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Nerdy in a research report 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 data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $1.25.

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.