Nerdy, Inc. (NYSE:NRDY) CEO Charles K. Cohn Buys 796,096 Shares of Stock

Nerdy, Inc. (NYSE:NRDY) CEO Charles K. Cohn bought 796,096 shares of Nerdy stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $0.98 per share, for a total transaction of $780,174.08. Following the purchase, the chief executive officer now owns 21,976,049 shares in the company, valued at $21,536,528.02. This represents a 3.76 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Nerdy Price Performance

NYSE:NRDY opened at $1.32 on Friday. The company has a market cap of $237.20 million, a PE ratio of -3.87 and a beta of 1.68. The firm’s 50 day simple moving average is $0.99 and its 200 day simple moving average is $1.37. Nerdy, Inc. has a one year low of $0.73 and a one year high of $3.60.

Analysts Set New Price Targets

Several analysts recently issued reports on NRDY shares. JMP Securities reiterated a “market perform” rating on shares of Nerdy in a report on Friday, November 8th. Canaccord Genuity Group downgraded shares of Nerdy from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $5.00 to $3.00 in a report on Friday, August 9th. Raymond James downgraded shares of Nerdy from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Barclays cut their price target on shares of Nerdy from $4.00 to $3.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $1.00 target price (down previously from $6.00) on shares of Nerdy in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.86.

Institutional Investors Weigh In On Nerdy

Institutional investors and hedge funds have recently made changes to their positions in the business. nVerses Capital LLC purchased a new stake in Nerdy during the second quarter worth about $34,000. SG Americas Securities LLC bought a new stake in shares of Nerdy during the 3rd quarter worth $29,000. AM Investment Strategies LLC purchased a new position in shares of Nerdy during the third quarter worth approximately $29,000. Bayesian Capital Management LP bought a new stake in shares of Nerdy in the 1st quarter valued at about $101,000. Finally, Rhumbline Advisers raised its holdings in Nerdy by 11.6% during the 2nd quarter. Rhumbline Advisers now owns 84,739 shares of the company’s stock valued at $142,000 after buying an additional 8,834 shares during the last quarter. Institutional investors and hedge funds own 39.10% of the company’s stock.

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.