Nerdy, Inc. (NYSE:NRDY) CEO Buys $780,174.08 in Stock

Nerdy, Inc. (NYSE:NRDY) CEO Charles K. Cohn purchased 796,096 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $21,536,528.02. This trade represents a 3.76 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Nerdy Price Performance

Shares of NYSE:NRDY opened at $1.26 on Thursday. The business’s 50-day moving average is $0.98 and its 200 day moving average is $1.37. Nerdy, Inc. has a 1 year low of $0.73 and a 1 year high of $3.60.

Analyst Ratings Changes

A number of research analysts have commented on NRDY shares. Northland Capmk downgraded shares of Nerdy from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Cantor Fitzgerald reissued a “neutral” rating and issued a $1.00 price objective (down previously from $6.00) on shares of Nerdy in a research note on Friday, November 8th. Northland Securities cut their price target on Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. Finally, Canaccord Genuity Group downgraded Nerdy from a “buy” rating to a “hold” rating and dropped their price objective for the company from $5.00 to $3.00 in a research report on Friday, August 9th. One investment 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. Based on data from MarketBeat, Nerdy presently has an average rating of “Hold” and an average price target of $2.86.

Institutional Investors Weigh In On Nerdy

A number of large investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of Nerdy in the 3rd quarter valued at approximately $29,000. AM Investment Strategies LLC purchased a new position in shares of Nerdy in the third quarter worth $29,000. nVerses Capital LLC purchased a new position in shares of Nerdy in the second quarter worth $34,000. Bayesian Capital Management LP acquired a new stake in shares of Nerdy during the first quarter worth $101,000. Finally, Barclays PLC grew its holdings in shares of Nerdy by 330.4% during the third quarter. Barclays PLC now owns 103,960 shares of the company’s stock valued at $102,000 after buying an additional 79,808 shares during the last quarter. Hedge funds and other institutional investors 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.