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Nerdy Inc. (NASDAQ:NRDY) Chief Executive Officer Charles K. Cohn reported purchasing 238,749 shares of Class A Common Stock on November 24, 2025. The shares were bought at a price of $1.05, totaling $250,686. According to a footnote in the SEC filing, the prices for the purchases ranged from $1.01 to $1.10.
Following the transaction, Cohn directly owns 9,258,298 shares of Nerdy Inc. Class A Common Stock, and indirectly owns 1,276,282 shares By Cohn Family Trust 5/24/18, 13,194,231 shares by Rarefied Air Capital LLC, 31,053,279 by Cohn Family Trust U/A/D 3/16/2017, and 810,704 by Cohn Family Investments Trust dtd 5/24/18.
In other recent news, Nerdy Inc. reported its third-quarter 2025 earnings, revealing a revenue of $37 million, marking a 1% year-over-year decline. The company also reported an adjusted EBITDA loss of $10.2 million, an improvement from the $14 million loss in the same quarter last year. Despite the revenue dip, Nerdy exceeded expectations in profitability metrics such as operating income, earnings per share, and free cash flow. Following these results, Goldman Sachs and Cantor Fitzgerald both lowered their price targets for Nerdy to $1.00 from $1.50, maintaining a Neutral rating. Goldman Sachs pointed to product launch delays and technical debt as reasons for the revenue performance being at the low end of expectations. Cantor Fitzgerald cited a platform overhaul as a factor in the reduced price target. These developments come amid Nerdy’s efforts to address product delays and platform changes.
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