Nerdy, Inc. (NYSE:NRDY – Get Free Report) CEO Charles K. Cohn purchased 10,993,192 shares of the stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $0.89 per share, for a total transaction of $9,783,940.88. Following the completion of the purchase, the chief executive officer now directly owns 13,110,718 shares of the company’s stock, valued at $11,668,539.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Nerdy Stock Up 3.4 %
NRDY stock opened at $1.08 on Thursday. Nerdy, Inc. has a 52-week low of $0.73 and a 52-week high of $5.13. The stock has a market cap of $188.88 million, a price-to-earnings ratio of -3.84 and a beta of 1.73. The business has a fifty day moving average of $1.55 and a two-hundred day moving average of $2.24.
Nerdy (NYSE:NRDY – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. Nerdy had a negative return on equity of 41.05% and a negative net margin of 17.23%. The firm had revenue of $50.98 million during the quarter, compared to the consensus estimate of $51.14 million. During the same period last year, the company earned ($0.07) EPS. As a group, sell-side analysts anticipate that Nerdy, Inc. will post -0.31 EPS for the current year.
Institutional Investors Weigh In On Nerdy
Wall Street Analysts Forecast Growth
NRDY has been the topic of a number of research reports. Barclays decreased their price objective on Nerdy from $4.00 to $3.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Nerdy from an “overweight” rating to a “neutral” rating in a research report on Friday, August 9th. Northland Securities downgraded shares of Nerdy from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $5.00 to $3.00 in a report on Friday, August 9th. Raymond James cut Nerdy from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $3.00 price target (down previously from $5.00) on shares of Nerdy in a report on Friday, August 9th. Eight analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.58.
View Our Latest Research Report on Nerdy
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.
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