Nerdy, Inc. (NYSE:NRDY – Get Free Report) CEO Charles K. Cohn acquired 500,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were purchased at an average price of $1.80 per share, with a total value of $900,000.00. Following the acquisition, the chief executive officer now owns 1,422,976 shares of the company’s stock, valued at $2,561,356.80. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Nerdy Price Performance
Shares of NYSE:NRDY opened at $1.88 on Friday. The company has a market capitalization of $330.32 million, a PE ratio of -6.71 and a beta of 1.74. The business has a fifty day moving average price of $2.21 and a two-hundred day moving average price of $2.77. Nerdy, Inc. has a 1 year low of $1.47 and a 1 year high of $5.37.
Nerdy (NYSE:NRDY – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. The firm had revenue of $53.73 million during the quarter, compared to the consensus estimate of $52.20 million. Nerdy had a negative return on equity of 41.24% and a negative net margin of 14.49%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. Sell-side analysts anticipate that Nerdy, Inc. will post -0.31 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Ratings Changes
Several equities research analysts have recently commented on NRDY shares. Needham & Company LLC restated a “buy” rating and set a $4.00 price objective on shares of Nerdy in a report on Friday, May 17th. JPMorgan Chase & Co. started coverage on 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 upped their price target on Nerdy from $3.25 to $3.75 and gave the stock a “neutral” rating in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4.82.
Get Our Latest Stock Report on Nerdy
About Nerdy
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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