Sargent Investment Group LLC Purchases New Shares in Nerdy, Inc. (NYSE:NRDY)

Sargent Investment Group LLC acquired a new position in shares of Nerdy, Inc. (NYSE:NRDY) during the 4th quarter, Holdings Channel.com reports. The fund acquired 100,000 shares of the company’s stock, valued at approximately $153,000.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Nerdy during the third quarter worth about $29,000. AM Investment Strategies LLC purchased a new stake in Nerdy during the 3rd quarter valued at approximately $29,000. Barclays PLC lifted its position in Nerdy by 330.4% during the 3rd quarter. Barclays PLC now owns 103,960 shares of the company’s stock worth $102,000 after acquiring an additional 79,808 shares during the period. Algert Global LLC grew its stake in shares of Nerdy by 171.6% in the 2nd quarter. Algert Global LLC now owns 111,026 shares of the company’s stock valued at $185,000 after purchasing an additional 70,140 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of Nerdy in the third quarter valued at approximately $138,000. 39.10% of the stock is currently owned by institutional investors and hedge funds.

Nerdy Trading Up 2.3 %

Shares of Nerdy stock opened at $1.98 on Thursday. The company has a 50-day moving average of $1.69 and a two-hundred day moving average of $1.31. The stock has a market cap of $356.25 million, a PE ratio of -5.81 and a beta of 1.98. Nerdy, Inc. has a 12-month low of $0.73 and a 12-month high of $3.60.

Nerdy (NYSE:NRDY) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.09. The firm had revenue of $37.53 million during the quarter, compared to the consensus estimate of $36.63 million. Nerdy had a negative return on equity of 47.45% and a negative net margin of 19.31%. During the same period last year, the business posted ($0.13) EPS. On average, sell-side analysts forecast that Nerdy, Inc. will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at Nerdy

In related news, CEO Charles K. Cohn bought 208,726 shares of Nerdy stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average price of $0.87 per share, with a total value of $181,591.62. Following the purchase, the chief executive officer now owns 21,157,650 shares in the company, valued at $18,407,155.50. This represents a 1.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jason H. Pello sold 30,242 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $1.84, for a total value of $55,645.28. Following the transaction, the chief financial officer now directly owns 2,225,186 shares of the company’s stock, valued at $4,094,342.24. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 13,455,750 shares of company stock valued at $15,530,190 and have sold 160,732 shares valued at $211,015. 31.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. downgraded Nerdy from a “neutral” rating to an “underweight” rating in a report on Monday, November 11th. JMP Securities restated a “market perform” rating on shares of Nerdy in a research note on Friday, November 8th. Cantor Fitzgerald reiterated a “neutral” rating and set a $1.00 price target (down from $6.00) on shares of Nerdy in a research note on Friday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $2.00 price objective on shares of Nerdy in a research report on Friday, November 8th. Finally, Northland Securities lowered their price objective on Nerdy from $3.00 to $2.00 and set a “market perform” rating on the stock in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Nerdy currently has an average rating of “Hold” and an average target price of $2.86.

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.