Nerdy (NYSE:NRDY) CEO Charles Cohn Acquires 251,081 Shares

Nerdy Inc. (NYSE:NRDY) CEO Charles Cohn acquired 251,081 shares of the stock in a transaction on Friday, June 12th. The shares were purchased at an average cost of $1.00 per share, with a total value of $251,081.00. Following the transaction, the chief executive officer directly owned 728,304 shares of the company’s stock, valued at approximately $728,304. This trade represents a 52.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nerdy Stock Performance

Shares of Nerdy stock opened at $0.94 on Tuesday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $177.94 million, a P/E ratio of -3.34 and a beta of 1.76. The business has a fifty day simple moving average of $0.87 and a two-hundred day simple moving average of $0.98. Nerdy Inc. has a 12 month low of $0.75 and a 12 month high of $1.74.

Nerdy (NYSE:NRDY) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business had revenue of $48.74 million during the quarter, compared to analyst estimates of $47.33 million. Nerdy had a negative return on equity of 93.27% and a negative net margin of 18.60%. On average, equities analysts forecast that Nerdy Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Nerdy in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $1.00.

Hedge Funds Weigh In On Nerdy

Large investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of Nerdy in the 4th quarter worth about $25,000. Symmetry Peak Management LLC purchased a new position in shares of Nerdy in the 4th quarter worth about $26,000. Engineers Gate Manager LP purchased a new position in shares of Nerdy in the 4th quarter worth about $28,000. AQR Capital Management LLC raised its position in shares of Nerdy by 67.9% in the 1st quarter. AQR Capital Management LLC now owns 37,660 shares of the company’s stock worth $53,000 after purchasing an additional 15,234 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Nerdy in the 1st quarter worth about $56,000. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Nerdy Company Profile

Nerdy, Inc (NYSE:NRDY) is an American education technology company that operates a live online learning marketplace. Through its flagship Varsity Tutors platform, the company connects students, professionals and lifelong learners with a network of thousands of educators for personalized one-on-one tutoring, group classes and test preparation. The platform leverages proprietary matching algorithms to pair learners with instructors based on subject expertise, learning style and scheduling preferences.

Founded in 2007 by entrepreneur Chuck Cohn, Nerdy began as Varsity Tutors in Washington, DC, before establishing its headquarters in St.