Charles K. Cohn Purchases 132,547 Shares of Nerdy, Inc. (NYSE:NRDY) Stock

Nerdy, Inc. (NYSE:NRDYGet Rating) CEO Charles K. Cohn acquired 132,547 shares of the stock in a transaction dated Monday, November 21st. The stock was bought at an average cost of $2.34 per share, with a total value of $310,159.98. Following the completion of the purchase, the chief executive officer now owns 10,457,159 shares of the company’s stock, valued at $24,469,752.06. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Nerdy Price Performance

Shares of NYSE NRDY opened at $2.27 on Friday. The stock has a fifty day simple moving average of $2.27 and a two-hundred day simple moving average of $2.57. Nerdy, Inc. has a 1-year low of $1.59 and a 1-year high of $6.53.

Hedge Funds Weigh In On Nerdy

Institutional investors and hedge funds have recently bought and sold shares of the company. Woodline Partners LP grew its holdings in Nerdy by 49.5% during the first quarter. Woodline Partners LP now owns 2,297,088 shares of the company’s stock valued at $11,692,000 after purchasing an additional 760,917 shares during the period. Clear Harbor Asset Management LLC bought a new position in Nerdy during the first quarter valued at $74,000. ACR Alpine Capital Research LLC boosted its holdings in shares of Nerdy by 321.6% in the second quarter. ACR Alpine Capital Research LLC now owns 576,158 shares of the company’s stock worth $1,227,000 after acquiring an additional 439,491 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Nerdy in the third quarter worth $1,266,000. Finally, MYDA Advisors LLC bought a new position in shares of Nerdy in the third quarter worth $148,000. 75.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NRDY has been the subject of several analyst reports. The Goldman Sachs Group lowered their price objective on Nerdy from $3.50 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, November 15th. Canaccord Genuity Group lowered their price objective on Nerdy from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, November 15th. Needham & Company LLC increased their price objective on Nerdy from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Barclays decreased their price target on Nerdy from $4.00 to $2.50 and set an “equal weight” rating for the company in a research report on Tuesday, October 18th. Finally, Raymond James decreased their price target on Nerdy from $5.00 to $3.50 and set an “outperform” rating for the company in a research report on Tuesday, November 15th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.90.

About Nerdy

(Get Rating)

Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including AI, to connect learners of various ages to experts, delivering value on both sides of the network. Its learning destination provides learning experiences across various subjects and multiple formats, including one-on-one instruction, small group classes, large format group classes, and adaptive self-study.

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Insider Buying and Selling by Quarter for Nerdy (NYSE:NRDY)

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