Charles K. Cohn Acquires 208,726 Shares of Nerdy, Inc. (NYSE:NRDY) Stock

Nerdy, Inc. (NYSE:NRDY) CEO Charles K. Cohn acquired 208,726 shares of Nerdy stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of $0.87 per share, for a total transaction of $181,591.62. Following the completion of the transaction, the chief executive officer now directly owns 21,157,650 shares of the company’s stock, valued at approximately $18,407,155.50. This represents a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Nerdy Price Performance

Shares of NYSE:NRDY opened at $1.01 on Tuesday. The firm has a market capitalization of $178.94 million, a PE ratio of -2.96 and a beta of 1.68. Nerdy, Inc. has a 12 month low of $0.73 and a 12 month high of $3.60. The business has a 50-day moving average of $0.96 and a two-hundred day moving average of $1.38.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $2.00 target price on shares of Nerdy in a report on Friday, November 8th. Northland Securities decreased their target price on shares of Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a research report on Friday, November 8th. Canaccord Genuity Group reiterated a “hold” rating and issued a $3.00 price target (down from $5.00) on shares of Nerdy in a report on Friday, August 9th. 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. Finally, JMP Securities reiterated a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2.86.

Institutional Trading of Nerdy

A number of institutional investors and hedge funds have recently bought and sold shares of NRDY. nVerses Capital LLC purchased a new stake in Nerdy during the second quarter worth approximately $34,000. SG Americas Securities LLC purchased a new stake in Nerdy during the 3rd quarter worth $29,000. AM Investment Strategies LLC purchased a new stake in Nerdy during the 3rd quarter worth $29,000. Bayesian Capital Management LP acquired a new stake in Nerdy in the 1st quarter valued at $101,000. Finally, Rhumbline Advisers raised its position in Nerdy by 11.6% in the second quarter. Rhumbline Advisers now owns 84,739 shares of the company’s stock valued at $142,000 after purchasing an additional 8,834 shares during the period. Institutional investors and hedge funds own 39.10% of the company’s stock.

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.