Nerdy Inc. (NYSE:NRDY – Get Free Report) CEO Charles Cohn purchased 219,019 shares of Nerdy stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average cost of $0.91 per share, for a total transaction of $199,307.29. Following the completion of the purchase, the chief executive officer owned 219,019 shares of the company’s stock, valued at $199,307.29. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Nerdy Stock Performance
Shares of Nerdy stock opened at $0.90 on Thursday. Nerdy Inc. has a 12 month low of $0.75 and a 12 month high of $1.90. The firm has a market capitalization of $170.15 million, a P/E ratio of -3.20 and a beta of 1.76. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.67. The business has a fifty day simple moving average of $0.86 and a two-hundred day simple moving average of $0.98.
Nerdy (NYSE:NRDY – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Nerdy had a negative net margin of 18.60% and a negative return on equity of 93.27%. The company had revenue of $48.74 million during the quarter, compared to analyst estimates of $47.33 million. On average, equities analysts forecast that Nerdy Inc. will post -0.18 earnings per share for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Stock Report on Nerdy
Institutional Trading of Nerdy
A number of institutional investors and hedge funds have recently bought and sold shares of NRDY. Engineers Gate Manager LP purchased a new position in Nerdy in the fourth quarter worth about $28,000. Geode Capital Management LLC increased its position in shares of Nerdy by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 1,557,017 shares of the company’s stock valued at $1,620,000 after acquiring an additional 17,325 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Nerdy by 170.7% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 237,883 shares of the company’s stock worth $300,000 after acquiring an additional 150,000 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in Nerdy by 62.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 265,100 shares of the company’s stock valued at $276,000 after acquiring an additional 102,400 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Nerdy by 236.2% during the 2nd quarter. Bank of America Corp DE now owns 123,534 shares of the company’s stock valued at $201,000 after purchasing an additional 86,791 shares during the last quarter. 39.10% of the stock is currently owned by institutional investors.
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.
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