Nerdy Inc. CEO Charles Cohn Buys 251,081 Shares
Charles Cohn, CEO of Nerdy Inc., purchased 251,081 shares at $1.00 each.
Key Points
- Charles Cohn, CEO of Nerdy Inc., purchased 251,081 shares at $1.00 each on June 12, 2026.
- Nerdy Inc.'s stock trades near $0.997 with a market cap of approximately $126 million.
- Analysts have varied views, with Needham reiterating a buy rating and a $2.00 target.
On June 12, 2026, Charles Cohn, the Chief Executive Officer of Nerdy Inc. (NYSE: NRDY), bought 251,081 shares of the company at $1.00 per share. This purchase was not part of a pre-planned trading program, indicating a personal decision to increase his stake in the company.
Insider Buying and Selling at Nerdy Inc.
Charles Cohn has been actively buying shares of Nerdy Inc. In addition to his recent purchase on June 12, he also acquired 258,204 shares at $0.97 on June 11 and 219,019 shares at $0.91 on June 10. Meanwhile, Chief Legal Officer Christopher Swenson sold 22,796 shares at $0.80 on May 18.
Other Institutional Activity in Nerdy Inc.
Several institutional investors have also been adjusting their positions in Nerdy Inc. BlackRock, Inc. reduced its holdings by 85,176 shares, ending with 4,278,560 shares valued at about $3,492,161. Geode Capital Management, LLC increased its stake by 114,821 shares, totaling 1,671,838 shares worth approximately $1,365,034. Vanguard Capital Management LLC made a significant addition, acquiring 2,541,565 shares, bringing its total to the same amount valued at $2,073,917.
Nerdy Inc. Stock Snapshot
Shares of Nerdy Inc. (NYSE: NRDY) are trading around $0.997. The company has a market capitalization of approximately $126 million. Nerdy Inc.'s forward P/E ratio is not meaningful as the company is not currently profitable, and it has a beta of 1.762, indicating higher volatility compared to the market. The stock's 52-week range is between $0.75 and $1.74, with a 50-day moving average of $0.868 and a 200-day moving average of $1.033.
Recent Earnings
Nerdy Inc. reported revenue of $180.13 million, reflecting a modest growth of 2.4%. However, the company faced challenges with a negative net margin of -18.6% and a return on equity of -124.5%. The next earnings report is expected on August 6, 2026.
Analysts Set New Price Targets
On February 27, 2026, Needham reiterated its buy rating for Nerdy Inc. with a price target of $2.00. The consensus among analysts is a moderate outlook, with an average target price of $1.625 based on two analyst opinions.
About Nerdy Inc.
Nerdy Inc. is a technology company based in Saint Louis, Missouri, specializing in live online learning platforms. It connects students and learners with tutors and educators using artificial intelligence. The company operates through its Varsity Tutors and Varsity Tutors for Schools platforms, offering a range of educational services from one-on-one tutoring to large format classes.
Bottom Line
Charles Cohn's recent stock purchases highlight his confidence in Nerdy Inc.'s potential. While the company's current financial performance shows some challenges, ongoing insider buying may be seen as a positive signal. As always, 13F filings and insider transactions provide a historical view and may not reflect current positions or future intentions.
See Also
This instant news alert was generated by automated narrative technology and financial data from Trueearnings and public regulatory filings. It is for informational purposes only and is not financial advice.