Charles K. Cohn Purchases 300,000 Shares of Nerdy, Inc. (NYSE:NRDY) Stock

Nerdy, Inc. (NYSE:NRDY) CEO Charles K. Cohn acquired 300,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were bought at an average cost of $1.44 per share, for a total transaction of $432,000.00. Following the acquisition, the chief executive officer now owns 25,082,433 shares in the company, valued at approximately $36,118,703.52. The trade was a 1.21 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Nerdy Stock Performance

Shares of NYSE NRDY opened at $1.38 on Friday. The firm has a 50 day moving average price of $1.02 and a 200 day moving average price of $1.33. Nerdy, Inc. has a 52-week low of $0.73 and a 52-week high of $3.60.

Hedge Funds Weigh In On Nerdy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. raised its stake in Nerdy by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 4,100,644 shares of the company’s stock worth $4,224,000 after buying an additional 79,624 shares during the period. Barclays PLC increased its holdings in shares of Nerdy by 330.4% in 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. Geode Capital Management LLC raised its position in shares of Nerdy by 9.3% during the third quarter. Geode Capital Management LLC now owns 1,718,647 shares of the company’s stock worth $1,690,000 after purchasing an additional 145,575 shares during the period. State Street Corp lifted its holdings in shares of Nerdy by 0.9% during the 3rd quarter. State Street Corp now owns 1,253,663 shares of the company’s stock valued at $1,232,000 after purchasing an additional 11,721 shares in the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of Nerdy in the 3rd quarter valued at approximately $138,000. Institutional investors and hedge funds own 39.10% of the company’s stock.

Analyst Upgrades and Downgrades

NRDY has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $2.00 price target on shares of Nerdy in a research note on Friday, November 8th. Barclays dropped their price objective on Nerdy from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Nerdy from a “neutral” rating to an “underweight” rating in a research note on Monday, November 11th. Northland Capmk downgraded shares of Nerdy from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Nerdy has a consensus rating of “Hold” and an average price target of $2.86.

About Nerdy

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.