Nerdy, Inc. (NYSE:NRDY) CEO Acquires $670,240.75 in Stock

Nerdy, Inc. (NYSE:NRDYGet Free Report) CEO Charles K. Cohn bought 347,275 shares of the business’s stock in a transaction on Friday, June 14th. The shares were acquired at an average price of $1.93 per share, with a total value of $670,240.75. Following the transaction, the chief executive officer now owns 2,117,526 shares of the company’s stock, valued at approximately $4,086,825.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Nerdy Price Performance

Nerdy stock traded up $0.03 during trading on Tuesday, reaching $1.83. The company had a trading volume of 171,975 shares, compared to its average volume of 1,251,730. Nerdy, Inc. has a 12-month low of $1.47 and a 12-month high of $5.37. The stock’s 50 day moving average price is $2.19 and its two-hundred day moving average price is $2.77.

Nerdy (NYSE:NRDYGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. Nerdy had a negative net margin of 14.49% and a negative return on equity of 41.24%. The company had revenue of $53.73 million during the quarter, compared to the consensus estimate of $52.20 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. Nerdy’s revenue for the quarter was up 9.2% on a year-over-year basis. Sell-side analysts predict that Nerdy, Inc. will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Nerdy

Several institutional investors have recently bought and sold shares of the business. Aigen Investment Management LP acquired a new position in shares of Nerdy during the third quarter worth $59,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Nerdy by 24.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 600,000 shares of the company’s stock worth $2,220,000 after purchasing an additional 116,700 shares in the last quarter. PEAK6 Investments LLC acquired a new position in shares of Nerdy during the third quarter worth $56,000. Numerai GP LLC acquired a new position in shares of Nerdy during the third quarter worth $231,000. Finally, S Squared Technology LLC acquired a new position in shares of Nerdy during the third quarter worth $111,000. 39.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NRDY has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $4.00 price target on shares of Nerdy in a report on Friday, May 17th. JPMorgan Chase & Co. initiated coverage on shares of Nerdy in a report on Monday, March 11th. They set an “overweight” rating and a $5.00 price target for the company. Finally, The Goldman Sachs Group lifted their price target on shares of Nerdy from $3.25 to $3.75 and gave the stock a “neutral” rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $4.82.

View Our Latest Stock Report on Nerdy

Nerdy Company Profile

(Get Free Report)

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.

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