Insider Buying: Nerdy, Inc. (NYSE:NRDY) CEO Acquires $483,000.00 in Stock

Nerdy, Inc. (NYSE:NRDY) CEO Charles K. Cohn bought 300,000 shares of Nerdy stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $1.61 per share, for a total transaction of $483,000.00. Following the completion of the transaction, the chief executive officer now directly owns 850,333 shares of the company’s stock, valued at $1,369,036.13. This represents a 54.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Nerdy Price Performance

Shares of NRDY stock opened at $1.71 on Thursday. The stock has a market cap of $308.45 million, a PE ratio of -5.03 and a beta of 2.00. The stock has a 50-day moving average of $1.21 and a 200-day moving average of $1.30. Nerdy, Inc. has a one year low of $0.73 and a one year high of $3.60.

Institutional Investors Weigh In On Nerdy

Several large investors have recently bought and sold shares of NRDY. SG Americas Securities LLC bought a new position in shares of Nerdy during the third quarter worth $29,000. AM Investment Strategies LLC acquired a new stake in Nerdy during the 3rd quarter worth $29,000. nVerses Capital LLC acquired a new stake in Nerdy during the 2nd quarter worth $34,000. Barclays PLC lifted its holdings in Nerdy by 330.4% during the third quarter. Barclays PLC now owns 103,960 shares of the company’s stock worth $102,000 after acquiring an additional 79,808 shares in the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in Nerdy in the third quarter valued at about $138,000. Institutional investors own 39.10% of the company’s stock.

Wall Street Analyst Weigh In

NRDY has been the subject of several research analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Nerdy in a report on Friday, November 8th. Cantor Fitzgerald restated a “neutral” rating and set a $1.00 target price (down previously from $6.00) on shares of Nerdy in a research report on Friday, November 8th. Northland Securities decreased 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. Needham & Company LLC reissued a “buy” rating and set a $2.00 price objective on shares of Nerdy in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lowered shares of Nerdy from a “neutral” rating to an “underweight” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.86.

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.