Nerdy, Inc. (NYSE:NRDY) CEO Charles K. Cohn Acquires 796,096 Shares of Stock

Nerdy, Inc. (NYSE:NRDY) CEO Charles K. Cohn bought 796,096 shares of the stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $0.98 per share, with a total value of $780,174.08. Following the completion of the transaction, the chief executive officer now directly owns 21,976,049 shares in the company, valued at approximately $21,536,528.02. The trade was a 3.76 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Nerdy Stock Performance

Shares of NYSE NRDY opened at $1.26 on Thursday. Nerdy, Inc. has a fifty-two week low of $0.73 and a fifty-two week high of $3.60. The business’s 50 day moving average price is $0.98 and its 200-day moving average price is $1.37.

Institutional Trading of Nerdy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of Nerdy during the third quarter valued at $29,000. AM Investment Strategies LLC purchased a new stake in Nerdy in the 3rd quarter valued at about $29,000. nVerses Capital LLC purchased a new stake in Nerdy in the 2nd quarter valued at about $34,000. Bayesian Capital Management LP bought a new position in Nerdy in the 1st quarter worth about $101,000. Finally, Barclays PLC increased its position in shares of 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 during the period. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Canaccord Genuity Group lowered shares of Nerdy from a “buy” rating to a “hold” rating and lowered their price objective for the company from $5.00 to $3.00 in a research report on Friday, August 9th. Barclays lowered their price target on shares of Nerdy from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Needham & Company LLC reissued a “buy” rating and set a $2.00 price objective on shares of Nerdy in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered Nerdy from a “neutral” rating to an “underweight” rating in a research note on Monday, November 11th. Finally, JMP Securities reissued a “market perform” rating on shares of Nerdy in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.