Nerdy, Inc. (NYSE:NRDY) Director Abigail Blunt Purchases 7,370 Shares

Nerdy, Inc. (NYSE:NRDY - Get Free Report) Director Abigail Blunt purchased 7,370 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were purchased at an average cost of $1.60 per share, for a total transaction of $11,792.00. Following the purchase, the director now directly owns 196,000 shares in the company, valued at approximately $313,600. This represents a 3.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Abigail Blunt also recently made the following trade(s):

• On Tuesday, May 27th, Abigail Blunt purchased 5,000 shares of Nerdy stock. The shares were purchased at an average cost of $1.62 per share, for a total transaction of $8,100.00.

Nerdy Stock Down 2.5%

Shares of Nerdy stock traded down $0.05 during trading on Friday, hitting $1.73. 476,208 shares of the company were exchanged, compared to its average volume of 1,683,912. Nerdy, Inc. has a fifty-two week low of $0.73 and a fifty-two week high of $2.18. The stock has a market capitalization of $314.72 million, a price-to-earnings ratio of -5.07 and a beta of 1.92. The firm has a 50 day moving average price of $1.55 and a 200 day moving average price of $1.60.

Nerdy (NYSE:NRDY - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.05. Nerdy had a negative return on equity of 47.45% and a negative net margin of 19.31%. The firm had revenue of $47.60 million during the quarter, compared to the consensus estimate of $46.22 million. Analysts predict that Nerdy, Inc. will post -0.43 earnings per share for the current year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group boosted their price target on Nerdy from $1.00 to $1.50 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Nerdy currently has a consensus rating of "Hold" and a consensus target price of $2.31.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its holdings in Nerdy by 33.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 230,538 shares of the company's stock valued at $373,000 after acquiring an additional 57,846 shares during the last quarter. Quantbot Technologies LP raised its holdings in Nerdy by 14,175.0% in the 4th quarter. Quantbot Technologies LP now owns 28,550 shares of the company's stock valued at $46,000 after acquiring an additional 28,350 shares during the last quarter. Soviero Asset Management LP acquired a new position in Nerdy in the 4th quarter valued at $243,000. Northern Trust Corp raised its holdings in Nerdy by 12.2% in the 4th quarter. Northern Trust Corp now owns 684,590 shares of the company's stock valued at $1,109,000 after acquiring an additional 74,233 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Nerdy by 56.2% in the 4th quarter. Wells Fargo & Company MN now owns 36,122 shares of the company's stock valued at $59,000 after acquiring an additional 13,000 shares during the last quarter. 39.10% of the stock is currently owned by institutional investors and hedge funds.

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.