Nerdy, Inc. (NYSE:NRDY) CEO Charles K. Cohn Buys 347,275 Shares

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

Nerdy Trading Up 1.4 %

Shares of NYSE:NRDY traded up $0.03 during trading on Tuesday, hitting $1.83. 171,975 shares of the company’s stock traded hands, compared to its average volume of 1,251,730. Nerdy, Inc. has a 52 week low of $1.47 and a 52 week high of $5.37. The company has a 50-day moving average price of $2.19 and a 200-day moving average price of $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 for the quarter, beating the consensus estimate of ($0.11) by $0.04. Nerdy had a negative return on equity of 41.24% and a negative net margin of 14.49%. The business had revenue of $53.73 million for the quarter, compared to analysts’ expectations of $52.20 million. During the same quarter in the previous year, the business posted ($0.12) EPS. Nerdy’s revenue for the quarter was up 9.2% on a year-over-year basis. Sell-side analysts expect that Nerdy, Inc. will post -0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group boosted their target price on Nerdy from $3.25 to $3.75 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Needham & Company LLC restated a “buy” rating and set a $4.00 target price on shares of Nerdy in a research report on Friday, May 17th. Finally, JPMorgan Chase & Co. assumed coverage on Nerdy in a research report on Monday, March 11th. They set an “overweight” rating and a $5.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $4.82.

Check Out Our Latest Stock Report on NRDY

Institutional Investors Weigh In On Nerdy

Several institutional investors have recently bought and sold shares of the company. Greenvale Capital LLP lifted its stake in Nerdy by 2.9% in the 4th quarter. Greenvale Capital LLP now owns 8,490,996 shares of the company’s stock valued at $29,124,000 after acquiring an additional 240,996 shares in the last quarter. Vanguard Group Inc. lifted its stake in Nerdy by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 3,101,444 shares of the company’s stock valued at $9,025,000 after acquiring an additional 88,771 shares in the last quarter. Kent Lake Capital LLC lifted its stake in Nerdy by 9.4% in the 3rd quarter. Kent Lake Capital LLC now owns 2,784,572 shares of the company’s stock valued at $10,303,000 after acquiring an additional 238,793 shares in the last quarter. ACR Alpine Capital Research LLC lifted its stake in Nerdy by 15.7% in the 1st quarter. ACR Alpine Capital Research LLC now owns 952,062 shares of the company’s stock valued at $2,770,000 after acquiring an additional 129,090 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Nerdy in the 3rd quarter valued at approximately $2,387,000. Institutional investors own 39.10% of the company’s stock.

About Nerdy

(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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Insider Buying and Selling by Quarter for Nerdy (NYSE:NRDY)

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