Nerdy, Inc. (NYSE:NRDY) CEO Charles K. Cohn Buys 300,000 Shares

Nerdy, Inc. (NYSE:NRDY) CEO Charles K. Cohn bought 300,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $1.61 per share, with a total value of $483,000.00. Following the completion of the purchase, the chief executive officer now directly owns 850,333 shares in the company, valued at approximately $1,369,036.13. The trade was a 54.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nerdy Trading Up 9.8 %

NRDY traded up $0.17 during mid-day trading on Monday, hitting $1.91. 8,073,849 shares of the stock were exchanged, compared to its average volume of 1,783,650. The firm’s fifty day moving average is $1.16 and its two-hundred day moving average is $1.29. Nerdy, Inc. has a 1-year low of $0.73 and a 1-year high of $3.60. The company has a market cap of $344.53 million, a PE ratio of -5.63 and a beta of 2.00.

Institutional Trading of Nerdy

A number of institutional investors and hedge funds have recently bought and sold shares of NRDY. nVerses Capital LLC purchased a new stake in Nerdy during the 2nd quarter worth about $34,000. SG Americas Securities LLC acquired a new position in shares of Nerdy during the third quarter worth about $29,000. AM Investment Strategies LLC purchased a new stake in shares of Nerdy during the third quarter worth approximately $29,000. Rhumbline Advisers lifted its stake in Nerdy by 11.6% in the second quarter. Rhumbline Advisers now owns 84,739 shares of the company’s stock worth $142,000 after acquiring an additional 8,834 shares during the last quarter. Finally, Barclays PLC grew its holdings in Nerdy by 330.4% during the 3rd quarter. Barclays PLC now owns 103,960 shares of the company’s stock worth $102,000 after acquiring an additional 79,808 shares in the last quarter. 39.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NRDY. Cantor Fitzgerald restated a “neutral” rating and set a $1.00 price objective (down from $6.00) on shares of Nerdy in a research report on Friday, November 8th. JPMorgan Chase & Co. cut shares of Nerdy from a “neutral” rating to an “underweight” rating in a research note on Monday, November 11th. Northland Securities reduced their price target on shares of Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a research report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and issued a $2.00 price objective on shares of Nerdy in a research report on Friday, November 8th. Finally, JMP Securities restated a “market perform” rating on shares of Nerdy in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Nerdy has a consensus rating of “Hold” and an average target price of $2.86.

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.