My Personal CFO LLC Makes New $52,000 Investment in Nerdy, Inc. (NYSE:NRDY)

My Personal CFO LLC purchased a new stake in Nerdy, Inc. (NYSE:NRDY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,482 shares of the company’s stock, valued at approximately $52,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NRDY. Citigroup Inc. bought a new stake in shares of Nerdy in the first quarter valued at approximately $55,000. BlackRock Inc. raised its position in shares of Nerdy by 3.6% in the first quarter. BlackRock Inc. now owns 280,159 shares of the company’s stock valued at $1,426,000 after purchasing an additional 9,796 shares during the period. Vanguard Group Inc. raised its position in shares of Nerdy by 3.4% in the first quarter. Vanguard Group Inc. now owns 2,344,570 shares of the company’s stock valued at $11,934,000 after purchasing an additional 76,776 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Nerdy in the first quarter valued at approximately $1,332,000. Finally, Renaissance Technologies LLC raised its position in shares of Nerdy by 241.3% in the first quarter. Renaissance Technologies LLC now owns 106,500 shares of the company’s stock valued at $542,000 after purchasing an additional 75,300 shares during the period. Institutional investors own 38.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on NRDY. Raymond James began coverage on shares of Nerdy in a report on Monday, August 28th. They set an “outperform” rating and a $5.50 target price on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $8.00 target price on shares of Nerdy in a report on Monday. JMP Securities reaffirmed a “market outperform” rating and set a $6.00 target price on shares of Nerdy in a report on Monday, August 21st. Barclays upped their target price on shares of Nerdy from $3.50 to $5.00 in a report on Wednesday, August 9th. Finally, The Goldman Sachs Group upped their target price on shares of Nerdy from $3.75 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5.93.

Nerdy Price Performance

NRDY stock traded down $0.11 during midday trading on Tuesday, reaching $3.60. The company had a trading volume of 428,887 shares, compared to its average volume of 825,465. Nerdy, Inc. has a 1 year low of $1.80 and a 1 year high of $5.37. The firm has a 50-day moving average price of $4.53 and a 200-day moving average price of $3.93.

Nerdy (NYSE:NRDY) last released its quarterly earnings results on Tuesday, August 8th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.09. Nerdy had a negative net margin of 28.84% and a negative return on equity of 79.68%. The business had revenue of $48.84 million during the quarter, compared to analysts’ expectations of $46.02 million. On average, analysts predict that Nerdy, Inc. will post -0.51 EPS for the current fiscal year.

Insider Activity

In other Nerdy news, CEO Charles K. Cohn acquired 10,327 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was bought at an average price of $4.85 per share, with a total value of $50,085.95. Following the purchase, the chief executive officer now owns 10,787,588 shares of the company’s stock, valued at $52,319,801.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Nerdy news, CEO Charles K. Cohn acquired 10,327 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was bought at an average price of $4.85 per share, with a total value of $50,085.95. Following the purchase, the chief executive officer now owns 10,787,588 shares of the company’s stock, valued at $52,319,801.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason H. Pello sold 37,428 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $4.22, for a total transaction of $157,946.16. Following the completion of the sale, the chief financial officer now directly owns 1,634,195 shares of the company’s stock, valued at approximately $6,896,302.90. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 90,872 shares of company stock valued at $425,432 and sold 75,428 shares valued at $310,196. 38.83% of the stock is owned by corporate insiders.

Nerdy Profile

Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including AI 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.