Nerdy, Inc. (NYSE:NRDY) CEO Acquires $254,279.40 in Stock

Nerdy, Inc. (NYSE:NRDYGet Rating) CEO Charles K. Cohn purchased 108,204 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were purchased at an average cost of $2.35 per share, with a total value of $254,279.40. Following the completion of the purchase, the chief executive officer now owns 10,324,612 shares in the company, valued at approximately $24,262,838.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Nerdy Stock Performance

NYSE:NRDY opened at $2.27 on Friday. Nerdy, Inc. has a one year low of $1.59 and a one year high of $6.53. The firm has a 50-day simple moving average of $2.27 and a 200-day simple moving average of $2.57.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NRDY. Needham & Company LLC lifted their price target on shares of Nerdy from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Canaccord Genuity Group dropped their price target on shares of Nerdy from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, November 15th. Raymond James decreased their price objective on shares of Nerdy from $5.00 to $3.50 and set an “outperform” rating for the company in a report on Tuesday, November 15th. Barclays decreased their price objective on shares of Nerdy from $4.00 to $2.50 and set an “equal weight” rating for the company in a report on Tuesday, October 18th. Finally, Canaccord Genuity Group decreased their price objective on shares of Nerdy from $6.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, November 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Nerdy has a consensus rating of “Moderate Buy” and an average price target of $4.90.

Institutional Investors Weigh In On Nerdy

Large investors have recently modified their holdings of the business. Strs Ohio bought a new stake in shares of Nerdy in the 2nd quarter valued at about $26,000. The Manufacturers Life Insurance Company bought a new stake in shares of Nerdy in the 3rd quarter valued at about $27,000. Royal Bank of Canada raised its holdings in shares of Nerdy by 3,036.0% in the 1st quarter. Royal Bank of Canada now owns 5,488 shares of the company’s stock valued at $28,000 after purchasing an additional 5,313 shares in the last quarter. Marotta Asset Management bought a new position in shares of Nerdy during the 3rd quarter worth approximately $53,000. Finally, American International Group Inc. bought a new position in shares of Nerdy during the 2nd quarter worth approximately $54,000. Institutional investors own 75.34% of the company’s stock.

Nerdy Company Profile

(Get Rating)

Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including AI, to connect learners of various ages to experts, delivering value on both sides of the network. Its learning destination provides learning experiences across various subjects and multiple formats, including one-on-one instruction, small group classes, large format group classes, and adaptive self-study.

Further Reading

Insider Buying and Selling by Quarter for Nerdy (NYSE:NRDY)

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