Nerdy, Inc. (NYSE:NRDY) Director Buys $11,792.00 in Stock

Nerdy, Inc. (NYSE:NRDY - Get Free Report) Director Abigail Blunt purchased 7,370 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average cost of $1.60 per share, with a total value of $11,792.00. Following the acquisition, the director now owns 196,000 shares of the company's stock, valued at approximately $313,600. The trade was a 3.91% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

Nerdy Stock Performance

Shares of NRDY traded down $0.04 during midday trading on Monday, hitting $1.68. 400,398 shares of the stock were exchanged, compared to its average volume of 1,681,229. Nerdy, Inc. has a 52-week low of $0.73 and a 52-week high of $2.18. The stock has a fifty day simple moving average of $1.55 and a 200 day simple moving average of $1.62. The firm has a market cap of $305.60 million, a P/E ratio of -4.93 and a beta of 1.92.

Nerdy (NYSE:NRDY - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.09) 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 business had revenue of $47.60 million during the quarter, compared to analyst estimates of $46.22 million. As a group, equities research analysts forecast that Nerdy, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Sargent Investment Group LLC acquired a new position in Nerdy during the 4th quarter worth $153,000. Moloney Securities Asset Management LLC grew its stake in Nerdy by 53.4% during the 4th quarter. Moloney Securities Asset Management LLC now owns 28,725 shares of the company's stock worth $47,000 after purchasing an additional 10,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Nerdy by 33.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 230,538 shares of the company's stock worth $373,000 after purchasing an additional 57,846 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in Nerdy by 10.7% during the 4th quarter. Citizens Financial Group Inc. RI now owns 155,000 shares of the company's stock worth $251,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in Nerdy by 14,175.0% during the 4th quarter. Quantbot Technologies LP now owns 28,550 shares of the company's stock worth $46,000 after purchasing an additional 28,350 shares in the last quarter. 39.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.