Charles Cohn Buys 219,019 Shares of Nerdy (NYSE:NRDY) Stock

Nerdy Inc. (NYSE:NRDY) CEO Charles Cohn acquired 219,019 shares of Nerdy stock in a transaction that occurred on Wednesday, June 10th. The stock was acquired at an average cost of $0.91 per share, with a total value of $199,307.29. Following the completion of the purchase, the chief executive officer owned 219,019 shares in the company, valued at approximately $199,307.29. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Nerdy Stock Up 2.0%

Shares of Nerdy stock opened at $0.98 on Friday. 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 market cap of $185.93 million, a P/E ratio of -3.49 and a beta of 1.76. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.67. Nerdy Inc. has a 1 year low of $0.75 and a 1 year high of $1.74.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NRDY. Virtu Financial LLC acquired a new position in Nerdy in the 4th quarter worth about $25,000. Symmetry Peak Management LLC acquired a new position in Nerdy in the 4th quarter worth about $26,000. Engineers Gate Manager LP acquired a new position in Nerdy in the 4th quarter worth about $28,000. AQR Capital Management LLC increased its position in 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 purchasing an additional 15,234 shares during the last quarter. Finally, Strs Ohio acquired a new position in Nerdy in the 1st quarter worth about $56,000. 39.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.