Nerdy (NYSE:NRDY) CEO Charles Cohn Buys 219,019 Shares

Nerdy Inc. (NYSE:NRDY) CEO Charles Cohn purchased 219,019 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was bought at an average cost of $0.91 per share, for a total transaction of $199,307.29. Following the acquisition, the chief executive officer directly owned 219,019 shares in the company, valued at approximately $199,307.29. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Nerdy Stock Performance

Nerdy stock opened at $0.90 on Thursday. The firm has a fifty day simple moving average of $0.86 and a two-hundred day simple moving average of $0.98. Nerdy Inc. has a twelve month low of $0.75 and a twelve month high of $1.90. The company has a market capitalization of $170.15 million, a PE ratio of -3.20 and a beta of 1.76. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.67.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted 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 period. Geode Capital Management LLC raised its stake in Nerdy by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,557,017 shares of the company’s stock worth $1,620,000 after buying an additional 17,325 shares in the last quarter. Jane Street Group LLC lifted its holdings in Nerdy by 27.0% in the second quarter. Jane Street Group LLC now owns 83,470 shares of the company’s stock worth $136,000 after buying an additional 17,768 shares during the period. Bank of America Corp DE boosted its position in Nerdy by 41.9% during the 4th quarter. Bank of America Corp DE now owns 60,565 shares of the company’s stock valued at $98,000 after acquiring an additional 17,889 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Nerdy during the 4th quarter valued at approximately $25,000. 39.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Nerdy in a report on Tuesday, April 21st. One investment 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.com, Nerdy has a consensus rating of “Reduce” and an average price target of $1.00.

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.