Nerdy Inc. (NYSE:NRDY – Get Free Report) CEO Charles Cohn acquired 250,007 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average cost of $1.00 per share, for a total transaction of $250,007.00. Following the transaction, the chief executive officer owned 978,311 shares in the company, valued at approximately $978,311. The trade was a 34.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Nerdy Trading Up 0.5%
NYSE NRDY opened at $0.90 on Friday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.67. The firm has a market cap of $171.29 million, a PE ratio of -3.22 and a beta of 1.76. The company has a 50 day moving average price of $0.87 and a 200 day moving average price of $0.97. Nerdy Inc. has a 52 week low of $0.75 and a 52 week high of $1.74.
Nerdy (NYSE:NRDY – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates 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 $48.73 million during the quarter, compared to analysts’ expectations of $47.33 million. As a group, sell-side analysts forecast that Nerdy Inc. will post -0.18 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on NRDY
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in Nerdy during the fourth quarter valued at $25,000. Symmetry Peak Management LLC acquired a new stake in Nerdy during the 4th quarter worth about $26,000. Engineers Gate Manager LP acquired a new stake in Nerdy during the 4th quarter worth about $28,000. AQR Capital Management LLC grew its position in Nerdy by 67.9% during 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. Finally, Strs Ohio purchased a new position in shares of Nerdy during the 1st quarter valued at about $56,000. Hedge funds and other institutional investors own 39.10% of the company’s stock.
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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