Insider Buying: Nerdy (NYSE:NRDY) Director Buys $34,000.00 in Stock

Key Points

• Nerdy Inc. Director Abigail Blunt purchased 25,000 shares of stock for a total of $34,000, increasing her ownership by 12.44% to a total of 226,000 shares.
• The company's shares opened at $1.32 and have a twelve-month trading range of $0.75 to $2.18, with a market capitalization of $244.33 million.
• Analysts have mixed ratings on Nerdy, with an average rating of "Hold" and a consensus price target of $1.75.

Nerdy Inc. (NYSE:NRDY - Get Free Report) Director Abigail Blunt acquired 25,000 shares of the company's stock in a transaction on Friday, August 29th. The shares were acquired at an average price of $1.36 per share, for a total transaction of $34,000.00. Following the completion of the acquisition, the director directly owned 226,000 shares in the company, valued at $307,360. The trade was a 12.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Nerdy Trading Up 0.4%

Shares of NYSE NRDY opened at $1.32 on Wednesday. Nerdy Inc. has a twelve month low of $0.75 and a twelve month high of $2.18. The company has a market capitalization of $244.33 million, a price-to-earnings ratio of -3.32 and a beta of 1.86. The business has a 50 day simple moving average of $1.49 and a 200-day simple moving average of $1.56.

Nerdy (NYSE:NRDY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.07) earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.03. Nerdy had a negative return on equity of 77.11% and a negative net margin of 24.91%.The business had revenue of $45.26 million during the quarter, compared to the consensus estimate of $46.60 million. Nerdy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Nerdy Inc. will post -0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. acquired a new position in Nerdy during the first quarter worth $26,000. Voya Investment Management LLC acquired a new stake in shares of Nerdy in the first quarter valued at $30,000. ProShare Advisors LLC increased its stake in shares of Nerdy by 55.2% in the fourth quarter. ProShare Advisors LLC now owns 21,350 shares of the company's stock valued at $35,000 after buying an additional 7,594 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Nerdy by 33.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,263 shares of the company's stock valued at $50,000 after buying an additional 7,607 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of Nerdy in the fourth quarter valued at $51,000. 39.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NRDY has been the subject of a number of analyst reports. Cantor Fitzgerald reduced their price target on Nerdy from $1.75 to $1.50 and set a "neutral" rating for the company in a research report on Friday, August 8th. Wall Street Zen raised shares of Nerdy from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $1.75.

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.

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